Group 1 - The company Bi Gao Group (08220) announced that it lacks sufficient financial resources to redeem HKD 19 million convertible bonds maturing on December 31, 2025, and has requested Mr. Stephen Chow, the bondholder, to agree to convert the bonds into shares [1] - Mr. Stephen Chow has signed a conditional notice to exercise his conversion rights upon the fulfillment of certain conditions, indicating his intention to fully exercise the conversion rights attached to the convertible bonds [2] - Following the full exercise of the conversion rights, Mr. Chow and his concert parties will hold approximately 112 million shares, representing about 64.05% of the enlarged issued share capital of the company [2] Group 2 - According to Rule 26.1 of the Takeovers Code, Mr. Chow and his concert parties will be required to make an unconditional mandatory cash offer for all issued shares, excluding those already owned or agreed to be acquired at the time of the offer [2] - Mr. Chow is also required to make a share option offer to cancel all unexercised share options, except for those already owned by him or his concert parties [2] - The cash offer price per share is HKD 0.275, which is a discount of approximately 91.79% compared to the last closing price of HKD 3.35 on the Stock Exchange [2]
比高集团(08220)拟获周星驰折让约91.79%提全购要约