Razer 1337

[winston]

not vested

RAZER Clarifies: No Agreement Yet on Terms of Potential Privatization; Price Undecided

RAZER (01337.HK) announced that it has noted the recent increase in the price and trading volume of the shares, as well as certain media reports which claimed that the potential transaction will lead to a general offer being made by the company's chairman cum controlling shareholder Min-Liang Tan, and non-executive director cum second major shareholder Kaling Lim, for the shares at up to HK$4 per share.

The company clarified that at the date of this announcement, there is no certainty that the discussions among Tan, Lim and the financial investors will ultimately lead to the terms of any potential transaction being agreed, the potential offer price has not been determined, no decision has been made by Tan and Lim on whether to proceed with any potential transaction, and no definitive agreement has been entered into with any party to implement any potential transaction.

Source: AAStocks Financial News