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HKE HOLDINGS 75% Stake Sold, Triggering General Offer
2019-07-18 04:11:14
HKE HOLDINGS (01726.HK) announced that the shareholder Skylight Illumination transferred 75% equity interest (600 million shares) in the Company to Eagle Fortitude for a total consideration of HK$288 million (being HK$0.48 per share).

The purchaser will therefore upon completion be required under the rule to make a mandatory cash offer at HK$0.48 per share (representing the closing price before trading halt), involving HK$96 million.

The company applied for a trading resumption with effect from Thursday (18 July).
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