Isuzu's offer for Qingling 891824 (1122) deadline set on Jun 24
(Infocast News) As revealed in the document in relation to Isuzu Motors' cash offer for shares in Qingling Motor (1122), the latest time and date for acceptance of the offer will be 4:00 p.m. on June 24, unless the offeror revises or extends the offer in accordance with the Takeovers Code.
Isuzu intends to add 324.96 million H Shares in Qingling at $1.92 per share, or $624 million in total, in order to raise its shareholding in Qingling from 13.85% to about 20%. Isuzu estimates that if the minority shareholders accepts the maximum amount of offer shares, the public float of Qingling will be 29.9% of the total issued share capital and still meeting the requirement of minimum public float.
Qingling closed today at $1.51, down 1.31%, still below the price offered by Isuzu.
1,92 HKD sind 0,20 Euro. Kurs in Frankfurt 0,16 Euro entspricht schnelle 25 % Plus
(Infocast News) As revealed in the document in relation to Isuzu Motors' cash offer for shares in Qingling Motor (1122), the latest time and date for acceptance of the offer will be 4:00 p.m. on June 24, unless the offeror revises or extends the offer in accordance with the Takeovers Code.
Isuzu intends to add 324.96 million H Shares in Qingling at $1.92 per share, or $624 million in total, in order to raise its shareholding in Qingling from 13.85% to about 20%. Isuzu estimates that if the minority shareholders accepts the maximum amount of offer shares, the public float of Qingling will be 29.9% of the total issued share capital and still meeting the requirement of minimum public float.
Qingling closed today at $1.51, down 1.31%, still below the price offered by Isuzu.
1,92 HKD sind 0,20 Euro. Kurs in Frankfurt 0,16 Euro entspricht schnelle 25 % Plus
