Qianbaidu (01028) and client Orchid Valley Holdings Limi...
According to the Zhitong Finance App, Qianbaidu (01028) and the offender Orchid Valley Holdings Limited jointly announced that at 4:00 p.m. on January 15, 2024, the offeror had received effective acceptance of approximately 708 million shares (accounting for about 34.09% of all issued shares on the date of this joint announcement) in accordance with the offer.
As a result of the effective acceptance of the offer, along with the shares already owned or acquired or agreed to be acquired before or during the offer, the offeror announced that “offer conditions” in the “First Shanghai Securities Letter”, Mr. Wu Guangze (personally and through CCMII), and Ms. Duan Wei (through WiseOrient) hold approximately 1,246 million shares (accounting for about 60.01% of all issued shares, exceeding the company's 58.45% voting rights). The condition contained in (a) is therefore It has been achieved. The offer became unconditional in all respects on January 15, 2024, along with all other conditions contained in the consolidated document.
According to Rule 15.3 of the Takeovers Code, an offer must remain acceptable for at least 14 days after the offer becomes or is declared unconditional (whether with respect to acceptance or in all aspects). Accordingly, the Offeror hereby announces that the Offer will remain open for acceptance before 4:00 p.m. on January 29, 2024 (Monday) (or at such other time and/or date as may be determined and announced by the Offeror in accordance with the Takeovers Code).
After taking into account the effective acceptance submitted under the offer (subject to completion of the transfer of such shares to the offeror), together with shares owned or acquired or agreed to be acquired before or during the offer, the offeror held, controlled, or directed approximately 811.7 million shares (accounting for approximately 39.08% of all issued shares at the date of this joint announcement); and the offeror and those acting in concert with the offeror jointly own, control or direct 1,247.4 million shares (approximately 60.06% of all issued shares on the date of this joint announcement).