Summary by Moomoo AI
Vida International Holdings Limited (the “Company”) announced on 2 April 2024 that Isola Castle Ltd (the “Contracting Party”) has terminated its voluntary unconditional cash contract for all issued shares of the Company, except those already owned by the Contracting Party and its Consistent Operators, and has not been amended or extended. As of the Offer Deadline, the Contracting Party has received approximately 90.98% of the shares in effect, bringing its shareholding ratio to approximately 98.68%. THE CONTRACTOR PLANS TO PRIVATIZE THE COMPANY THROUGH COMPULSORY ACQUISITION MEANS AND IS EXPECTED TO ISSUE A MANDATORY TAKEOVER NOTICE ON JULY 9, 2024. COMPLETION OF THE ACQUISITION WILL TAKE PLACE IN EARLY TO MID-AUGUST 2024. The Company's shares will be suspended from 3 April 2024 and the listed status is expected to be withdrawn following the completion of the compulsory acquisition.