Gain Plus Holdings Faces Conditional Cash Offer

Gain Plus Holdings Limited (HK:9900) has released an update.

Gain Plus Holdings Limited is the subject of a mandatory conditional cash offer by Asia General Industries Limited, which seeks to acquire all the issued shares not already owned by it at HK$0.806 per share. The offer, facilitated by Get Nice Securities, comes after Asia General Industries acquired a 32.33% stake in Gain Plus. The Offeror intends to keep Gain Plus listed on the Stock Exchange, contingent on obtaining more than 50% of the company’s voting rights.

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