United States

Analyst Research

Report Title Price
Provider : Thomson Reuters Stock Report
Provider : Reuters Investment Profile
Provider : Wright Reports
Provider : Thomson Reuters Stock Report

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

New Island Development Holdings Ltd announces acquisition of shares by Huajun International Ltd

Thursday, 14 Aug 2014 10:05am EDT 

New Island Development Holdings Ltd:Says that it was informed by Plus Wealthy Ltd (the vendor, the controlling shareholder immediately before sale and purchase completion) that, on Aug. 8, Plus Wealthy Ltd, Huajun International Ltd and Suen Cho Hung, Pau had entered into sale and purchase agreement.Pursuant to which Huajun International Ltd had agreed to acquire and Plus Wealthy had agreed to sell sale shares, being 1,668,967,000 shares, represent about 62.62 pct. of the entire issued share capital of the company as at date of this joint announcement.For total consideration of HK$584,138,450, equivalent to HK$0.35 per sale share, which was agreed between Huajun International Ltd and Plus Wealthy Ltd after arm's length negotiations.Sale and purchase completion took place on Aug. 8, immediately after signing of sale and purchase agreement.Get Nice Securities, on behalf of Huajun International Ltd and in compliance with Takeovers Code, will make the offer on the terms to be set out in the composite offer and response document to be issued in accordance with Takeovers Code on the following basis: for each offer share - HK$0.35 in cash.Offer price of HK$0.35 per offer share equals to purchase price per sale share paid by Huajun International Ltd under sale and purchase agreement. 

Company Quote

-0.01 -1.41%
3:51am EDT