General Announcement::Composite Document

Issuer & Securities

Issuer/ Manager
CHINA LOGISTICS PROPERTY HOLDING CO., LTD
Securities
CNLP US$150M8.75%N221118 - XS2258253199 - ODEB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-Feb-2022 00:24:15
Status
New
Announcement Sub Title
Composite Document
Announcement Reference
SG220205OTHRWW85
Submitted By (Co./ Ind. Name)
China Logistics Property Holdings Co., Ltd
Designation
Director
Effective Date and Time of the event
04/02/2022 23:59:00
Description (Please provide a detailed description of the event in the box below)
On 28 January 2022, the Offeror and the Company jointly published an announcement that Completion took place on 28 January 2022, pursuant to which Yupei International sold and the Offeror acquired 916,488,000 Shares at the purchase price of HK$4.35 per Sale Share for a total cash consideration of HK$3,986,722,800.

Immediately before entering into the Sale and Purchase Agreement and Completion, the Offeror and parties acting in concert with it were interested in 369,523,999 Shares, representing approximately 10.64% of the issued share capital of the Company. Immediately upon Completion, the Offeror and parties acting in concert with it became interested in 1,286,011,999 Shares, representing approximately 37.02% of the issued share capital of the Company as at the date of Completion.

Pursuant to Rule 26.1 of the Takeovers Code, the Offeror is required to make the Share Offer for all the issued Shares (other than those already owned or agreed to be acquired by the Offeror and/or parties acting in concert with it). The Offeror is also required to make the Convertible Bond Offer to acquire all the outstanding Convertible Bonds (other than those already owned by the Offeror and/or parties acting in concert with it) pursuant to Rule 13 of the Takeovers Code.

The purpose of this Composite Document is to provide you with, among other things: (i) information relating to the Group, the Offeror and the Offers; (ii) a letter from BofA Securities containing, among other things, details of the Offers; (iii) a letter from the Independent Board Committee containing its recommendation in respect of the Offers; and (iv) a letter from the Independent Financial Adviser containing its advice and recommendations to the Independent Board Committee in relation to the Offers.

Attachments

Composite Document.pdf
Total size =1121K