FUTU HK Help Center-1899.HK Conditional Cash Offer
English
Back
Open Account

1899.HK Conditional Cash Offer

XINGDA INTERNATIONAL HOLDINGS  (1899.HK)  - VOLUNTARY CONDITIONAL CASH OFFER

Purchase price: HKD 1.3 in cash per share.

Conditions of the Offer 

The Offer is conditional upon valid acceptances of the Offer having been received (and where permitted, not withdrawn) on or before 4:00 P.M. on the Closing Date (or such later time or date as the Offeror may, subject to the Takeovers Code, decide) in respect of the Offer Shares, which together with the Shares already held by the Offeror and the Offeror Concert Parties, would result in the Offeror and the Offeror Concert Parties holding more than 50% of the voting rights of the Company as at the Closing Date. This Condition cannot be waived.

If the Condition cannot be fulfilled by the Closing Date, the Offer will lapse. The Offeror will issue an announcement in relation to the revision, extension or lapse of the Offer or the fulfilment of the Condition in accordance with the Takeovers Code and the Listing Rules.

The Offer may or may not become unconditional. Shareholders and potential investors of the Company are reminded to exercise caution when dealing in the Shares. Those who are in doubt as to the action should consult a licensed securities dealer or registered institutions in securities, bank manager, solicitor, professional accountant or other professional advisers.

If you accept the corporate action, please fill in the following information before 4 pm on 13/11/2024, and forward it to cs@futuhk.com by registered email to submit your application.

1. FutuBull ID: 
2. Name: (Name in Chinese or English)
3. Stock code: 1899.HK 
4. Accepted corporate action shares: (fill in the number of shares applying for corporate action) [This corporate action does not accept additional applications]

Corporate action application fee: 
Corporate action handling fee: HKD 0.80 per board lot
Handling fee: HKD 1.00 per board lot (Minimum HKD 30)
Stamp duty fee: 0.10% of the consideration payable by the Offeror in respect of the relevant acceptance of the Offer or the market value of the Offer Shares, whichever is higher

Transaction Settlement Date: After the market close on 11/11/2024 (Stocks purchased after this date will not be accepted for corporate action applications)
Deadline for corporate action on 13/11/2024 at 4:00 p.m. (HONG KONG TIME GMT+8). 

Note:
1. If you do not receive an email reply before the deadline, you will automatically be deemed to have given up this corporate action.
2. This corporate action does not accept additional applications, the maximum number of applications that a client can apply for does not exceed the number of eligible shares it holds.
3. Please reserve enough funds to pay the handling fee, otherwise, it will be deemed as a waiver.
4. If you fill in the wrong application information, you need to resend the email to submit the application.
5. Listed and sold stocks cannot apply for corporate action.
6. Once a corporate action is applied, it cannot be withdrawn.
7. In case of any changes, the announcement of the listed company shall prevail. 

Company action announcement

Company action announcement

Company action announcement

Corporate Action Encyclopedia