Capital Estate Faces Major Share Acquisition

Capital Estate Limited (HK:0193) has released an update.

Capital Estate Limited has announced a mandatory unconditional cash offer by Cedarwood Ventures Limited, which, after acquiring a significant share portion, now controls over 50% of Capital Estate’s issued share capital. The offer price is set at HK$0.400 per share, mirroring the per-share price paid in the recent acquisition. The company assures that no dividends or distributions are declared or intended before the offer closes.

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