ET Net News Agency, 28 October 2016] Yat Sing Holdings (03708) said offeror Smart
Paradise International Limited will make an unconditional mandatory cash offer for all the
shares in issue of Yat Sing after its acquisition of 53.5% stake at HK$337 million.
The offer price is HK$0.563 per share, representing a discount of about 86.33% to the
closing price of HK$4.12. The offer is valued at HK$292.6 million.
It is the intention of the offeror to maintain the listing of Yat Sing on the Main Board
following the close of the offer and the offeror intends to continue the existing
principal businesses of the Yat Sing Group.
The offeror is wholly and beneficially owned by Dai Jian. Dai is an executive director
and general manager of Hekou Jinxin Mining Limited Company since September 2016.
Yat Sing had applied for the resumption of trading in shares this morning. (HL)