not vested
<Resumption Ann>WANDA COMM Parent Raises Offer Price by 10% to $52.8
WANDA COMM (03699.HK) announced that Dalian Wanda Group, the controlling shareholder of the company, proposed a general offer at a total consideration of about HK$34.455 billion, as well as withdrawal of listing of H shares.
The company applied for a trading resumption in H shares with effect from 1:00 p.m. on Monday (30 May).
The offer price of HK$52.8 per share represents a premium of approximately 44.5% over the closing price on 29 March 2016, or about 10% premium over the initial reference price.
The joint offerors will not increase the offer price.
Given that all the domestic shareholders have entered into the domestic shareholder irrevocable undertakings, no comparable offer will be made to domestic shareholders and consequently, the joint offerors have applied to the executive for a waiver from the requirements of the Takeovers Code.
Source: AAStocks Financial News