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APAC Resources Ltd to repurchase up to 680,000,000 shares


Thursday, 23 Jan 2014 09:47am EST 

APAC Resources Ltd:Says a conditional cash offer will be made by Yu Ming on behalf of company in compliance with the codes to repurchase for cancellation up to maximum number of shares, being 680 mln shares, representing about 10 pct of total issued share capital.The qualifying shareholders may accept the offer at the offer price of HK$0.18 per share.The shares to be repurchased by the company will not exceed the maximum number of shares There is no minimum number of shares proposed to be repurchased under the offer.The maximum amount payable by the Company under the offer is HK$122,400,000.offer price represents a premium of about 27.66 pct over the closing price of the shares of HK$0.141 each as quoted on the stock exchange on the last trading day and.A discount of about 45.78 pct to the group’s net asset value of about HK$0.332 per share. 

Company Quote

0.142
0.0020 +1.43%
19 Dec 2014