Summary by Moomoo AI
AXIOMA CAPITAL FZE LLC (THE “CONTRACTOR”) ANNOUNCED ON JANUARY 12, 2024 THAT ITS MANDATORY CONDITIONAL CASH TENDER OFFER FOR TIEJIANG FIELD CO., LTD. (THE “COMPANY”) HAS RECEIVED EFFECTIVE ACCEPTANCE OF APPROXIMATELY 5.16% SHARES AS OF THE FIRST DEADLINE AT 4 P.M. AND AN EFFECTIVE ACCEPTANCE OPTION OF APPROXIMATELY 51.27% OF SHARES. The Contracting Party and its Contributors held approximately 30.61% of the Company's shares prior to the Contract Period. The Contracting Parties have decided to extend the term of the Offer to 20 February 2024 to allow shareholders and share holders more time to consider the Offer. If the shares are effectively accepted and result in the Contracting Party and its co-executors holding more than 50% of the voting rights of the Company, the Share Offer will be unconditional. The Contracting Party will announce the results of the contract on February 20, 2024 and complete all relevant payments by March 14. THE INDEPENDENT FINANCIAL ADVISORS OF THE INDEPENDENT BOARD OF DIRECTORS OF TIEJIANG FIELD CO., LTD. WILL PROVIDE RELEVANT ADVICE TO SHAREHOLDERS.