On February 5, Gelonghui | KFM Jinde (03816.HK) issued an announcement that all the prerequisites for the Jinde Precision Trading Agreement have been fulfilled. The completion of the Jinde Precision transaction was implemented on February 5, 2024, the date agreed in writing between the company and KIG Real Estate.
The board of directors and the sole director of KIG Real Estate have been notified by Massive Force and KIG Real Estate that all prerequisites for the MF sale agreement have been fulfilled. The MF transaction was completed on February 5, 2024, the date agreed in writing between Massive Force and KIG Real Estate.
Following the completion of the MF transaction, KIG Real Estate and the people acting in concert with KiG became interested in 450 million shares, accounting for approximately 75.0% of the company's total issued share capital at the date of this joint announcement.
Accordingly, in accordance with Rule 26.1 of the Takeovers Code, the Joint Stock Exchange will make a mandatory unconditional cash offer on behalf of KIG Real Estate for all issued shares.