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ASMPT Completes Sale of 49% Holdings in AAMI for ~20% Stake in ORIGINAL
Recommend 3 Positive 8 Negative 2 |
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ASMPT (00522.HK) announced that the proposed transaction to sell its entire 49% stake in Advanced Assembly Materials International (AAMI) to ORIGINAL (603991.SH) was completed yesterday (26th), with all conditions fulfilled and all relevant company registration procedures for AAMI completed. Accordingly, ASMPT is entitled to receive a total consideration of RMB1.717 billion, including the subscription by its wholly-owned subsidiary AHKH for 29 million new shares of ORIGINAL as consideration for the sale of 2,885 ordinary shares of AAMI valued at RMB928 million; and a cash consideration of around RMB789 million for AHKH selling the remaining 2,453 ordinary shares in AAMI to ORIGINAL. Upon completion of the proposed transaction, AHKH will hold around 21.06% of ORIGINAL's shares. If ORIGINAL successfully raises a subsequent supporting fund, it is expected that AHKH will hold no less than 18.12% of ORIGINAL's shares. AAStocks Financial News |
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