Xingda International Proposes Voluntary Cash Offer

Xingda International Holdings (HK:1899) has released an update.

Xingda International Holdings Limited, advised by Shenwan Hongyuan Capital (H.K.), has announced a voluntary conditional cash offer to purchase all issued shares not already owned by the offeror and its concert parties. The offer price is set at HK$1.30 per share, with the total offer valued at approximately HK$1.57 billion, assuming the acquisition of all shares subject to the offer.

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