Asia United Infrastructure Holdings (00711) and Yaju Investment Holdings (08426) jointly announced that all of the sales agreements...
Zhitong Finance App News, Asia United Infrastructure Holdings (00711) and Yaju Investment Holdings (08426) jointly announced that all the prerequisites for the sale agreement have been met. In addition to the prerequisites for completing the transaction, the following parties must obtain the consent of the following parties regarding the change in control of the target company due to the acquisition: a member company of the target group is the contracting party to the R&D agreement concluded by the owner of its office property and the target group member company in accordance with the relevant agreement in accordance with the relevant agreement, and when issuing the relevant exemption, the offeror sets out the conditions that the seller must induce the target group to comply with the relevant exemption, that is, Since completing the transaction The date is to obtain the consent of such third parties as soon as practicable. Notwithstanding such conditional exemptions by the offeror, the completion of the transaction was implemented on February 21, 2024 (which is considered the completion date for the purpose of the sale agreement). Once the transaction is completed, whether or not the consent of the above third party can be obtained, it will not affect the completion of the transaction or share offer.
Following the completion of the transaction and the date of this joint announcement, the offeror and its concerted contracting party (excluding R5A) will hold a total of 474 million shares of the target company, accounting for about 59.23% of the total issued share capital of the target company, while the offeror and all parties acting in concert (including R5A) will hold a total of 554 million shares of the target company (accounting for about 69.23% of the total issued share capital of the target company).
After completing the transaction, the target company will become an indirect non-wholly-owned subsidiary of Asia United Infrastructure, and the target company's financial statements will be consolidated with the financial statements of Asia United Infrastructure.
According to reports, the offender was incorporated as a limited company in the Cayman Islands, and its main business is investment holding. It is a direct wholly-owned subsidiary of Asia United Infrastructure.