Cathay International Holdings Ld Results of the Tender Offer (9717E)
November 11 2020 - 3:46AM
UK Regulatory
TIDMCTI
RNS Number : 9717E
Cathay International Holdings Ld
11 November 2020
The information contained within this announcement is considered
by the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No.596/2014. Upon the publication
of this announcement via a Regulatory Information Service, this
inside information will be considered to be in the public
domain.
Cathay International Holdings Limited
("Cathay" or the "Company")
Results of the Tender Offer
Hong Kong, 11 November 2020 - Cathay International Holdings
Limited (LSE: CTI.L), an operator and investor in the growing
healthcare sector in the People ' s Republic of China , announced
on 16 October 2020 the details of a Tender Offer on behalf of
Circle Finance Limited and on 3 November 2020 the result of Special
General Meeting. The Company today announces the results of the
Tender Offer.
Capitalised terms not otherwise defined in the text of this
announcement have the meanings given in the Company's announcement
of 16 October 2020.
Results of Tender Offer
The Tender Offer closed for acceptances at 11.00 a.m. (London
Time) on 10 November 2020 in accordance with its terms. The Company
has received valid application under the Tender Offer in respect of
509,967,002 Common Shares and A Shares representing 94.3 per cent
of the Common Shares and A Shares available pursuant to the Tender
Offer. It is anticipated that settlement of the consideration to
which any Shareholder or DI Holder is entitled pursuant to Tender
Offer will be made on or around 1 December 2020.
- ENDS -
For further enquiries, please contact:
Cathay International Holdings Limited
Eric Siu (Finance Director) Tel: +852 2828 9289
Patrick Sung (Director and Controller)
SPARK Advisory Partners Limited (Financial
Advisor) Tel: +44 (0) 20 3368
Andrew Emmott 3555
James Keeshan
About Cathay
Cathay International Holdings Limited (LSE: CTI.L) is a main
market listed investment holding company and an operator and
investor in the healthcare sector in the People's Republic of China
(the "PRC"). The Company and its subsidiaries (collectively the
"Group") aim to leverage on investment opportunities in the growing
domestic demand for high quality healthcare products in the PRC and
build portfolio companies into market sector leaders with
competitive edge. Cathay has already demonstrated a track record of
identifying investment opportunities in this area including:
Lansen, a leading specialty pharmaceutical company focused on
rheumatology and dermatology in the PRC; Haizi, a company engaged
in the manufacture, marketing and sale of inositol and its
by-product, di-calcium phosphate; Natural Dailyhealth, a company
engaged in production and sales of plant extracts for use as key
active ingredients in healthcare products; and Botai, a company
engaged in collagen products.
The Group employs approximately 1,300 people across the PRC,
including over 20 specialist corporate and business development
staff based at the holding company's offices in Hong Kong and
Shenzhen. Cathay also has a hotel investment. For more information
please visit the Company's website: www.cathay-intl.com.hk .
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END
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