Core Viewpoint - Junyu Foundation (01757) and the offeror China Venture Capital Holdings Limited announced a sale agreement for 900 million shares, representing 75% of the company's issued share capital, for a total cash consideration of HKD 80 million, equating to HKD 0.089 per share, which is significantly lower than the last trading price [1][1][1] Group 1 - The seller, Oriental Castle Group Limited, has agreed to sell 900 million shares to the offeror, which will be financed through the extraction of the offered shares [1] - Following the completion of the sale, the offeror and its concert parties will own 75% of the company's issued share capital, and the seller will no longer be a shareholder [1] - According to the takeover code, the offeror is required to make a mandatory unconditional cash offer for all issued shares at the same price of HKD 0.089 per share, which represents a discount of approximately 79.06% compared to the last closing price of HKD 0.425 [1][1][1] Group 2 - The company's shares are set to resume trading on the Stock Exchange at 9:00 AM on October 24, 2025 [1]
俊裕地基获中国创投控股收购75%股份及折让约79.06%提现金要约 10月24日复牌