Goldin Properties Holdings Ltd (0283.HK)
Latest Key Developments (Source: Significant Developments)
Goldin Properties Holdings Ltd <0283.HK> : references are made to initial announcement and joint announcement issued by offeror and company dated 27 March 2017. . Optima Capital, on behalf of offeror, will make a voluntary conditional cash offer to acquire all offer shares . deal for each offer share hk$9.0 in cash . "depending on exercise price of each relevant option, option offer price ranges from hk$2.4991 to hk$6.31 per option." . application been made to stock exchange for resumption of trading of shares with effect from 1 : 00 p.m. On Wednesday, 29 March . on assumption that no option is exercised before close of offers and offers are accepted in full, value of share offer is approximately hk$11,443.5 million . offeror intends to finance cash required for offers from two committed loan facilities from independent financial institutions . "offeror considers that privatisation of company will facilitate business integration between offeror and company" . In aggregate, offers are valued at approximately hk$11,736.5 million .offeror is Silver Starlight Limited. Full Article
Goldin Properties Holdings Ltd <0283.HK>: Application has been made for resumption of trading in shares on stock exchange with effect from 21 march 2017 .Board was informed by Pan Sutong, chairman of board that he proposes to privatise co by making a voluntary conditional cash offer to acquire all issued shares. Full Article
Goldin Properties Holdings Ltd <0283.HK> : HY net profit hk$391.734 million versus hk$372.4 million a year ago . HY revenue hk$43.2 million versus hk$57.4 million a year ago .Board does not recommend payment of an interim dividend for six months ended 30 september 2016. Full Article
Goldin Properties Holdings Ltd <0283.HK>: ...more annual results for the year ended 31 March 2016 <0283.HK> . FY revenue hk$1.19 billion versus hk$569.4 million . FY net profit hk$546.6 million versus hk$654.9 million . Board does not recommend the payment of a final dividend for the year ended 31 March 2016 . Full Article
HONG KONG, March 29 Chinese property developer and hotel operator Goldin Properties Holdings Ltd said on Wednesday Chairman Pan Sutong had offered about $1.5 billion to buy its outstanding shares and delist the company.