Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
EASYKNIT INTERNATIONAL HOLDINGS LIMITED
永 義 國 際 集 團 有 限 公 司
(Incorporated in Bermuda with limited liability)
(Stock Code: 1218)
UPDATES ON VERY SUBSTANTIAL ACQUISITION
FURTHER ACQUISITIONS OF EE SHARES
Reference is made to (i) the joint announcement issued by Easyknit International Holdings Limited (the "Company" or "Easyknit") and Eminence Enterprise Limited ("Eminence" or "EE") dated 11 February 2021 in relation to, among other things, a pre-conditional voluntary conditional cash offer by Altus Investments Limited for and on behalf of Ace Winner Investment Limited (the "Offeror", a wholly-owned subsidiary of Easyknit), for all issued shares of Eminence other than those already owned or agreed to be acquired by the Offeror and parties acting in concert with it, and a possible very substantial acquisition for Easyknit in relation to the Share Offer; (ii) the joint announcement issued by the Offeror, Easyknit and Eminence dated 4 March 2021 in relation to the delay in despatch of the Composite Document; (iii) the joint announcement dated 19 March 2021 issued by the Offeror, Easyknit and Eminence in respect of the fulfilment of the pre-condition; (iv) the composite offer and response document dated 26 March 2021 jointly issued by the Offeror and Eminence in relation to the Share Offer (the "Composite Document"); (v) the joint announcement issued by the Offeror, Easyknit and Eminence dated 7 April 2021 in relation to the Share Offer being declared unconditional;
- the joint announcement issued by the Offeror, Easyknit and Eminence dated 21 April 2021 in relation to the close of the share offer and results of the share offer and the circular of the Company dated 4 March 2021.
Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Composite Document.
FURTHER ACQUISITION OF EE SHARES
On 22 April 2021, the Company acquired on-market a total of 27,000,000 EE Shares at each of price of HK$0.50 (the Company is complied with Rule 31.3 of the Hong Kong Code on Takeovers and Mergers) for an aggregate purchase price of approximately HK$13,500,000 (exclusive of transaction costs), which was the market price of the EE Shares. Taking into account of the said acquisition of
- Shares, the Company, the Offeror and parties acting in concert with it held an aggregate of 696,370,840 EE Shares, representing approximately 74.76% of the issued share capital of EE as at the date of this announcement.
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LISTING RULES IMPLICATIONS
The board of directors of the Company (the "Board" or the "Directors") confirms that the acquisition has complied with all the reporting, announcement requirements and Shareholders' approval requirements under Chapter 14 of the Listing Rules.
By Order of the Board
Easyknit International Holdings Limited
Koon Ho Yan Candy
President and Chief Executive Officer
Hong Kong, 22 April 2021
As at the date hereof, the Board comprises Ms. Koon Ho Yan Candy, Ms. Lui Yuk Chu and Mr. Tse Wing Chiu Ricky as executive Directors; and Mr. Tsui Chun Kong, Mr. Jong Koon Sang and Mr. Lau Chak Hang Charles as independent non-executive Directors.
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Easyknit International Holdings Ltd. published this content on 22 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2021 11:41:05 UTC.