Gelonghui, March 22 | Vinda International (03331.HK) issued an announcement. At 4:30 p.m. on the date of this announcement, the offeror had received valid acceptance of the offer for 1 billion shares, accounting for about 90.40% of the company's offered shares and about 83.45% of the company's issued share capital on the date of this announcement, respectively.
Since the offeror has received valid acceptance of not less than 90% of the offered shares under the offer, after the offer expires, the offeror will exercise its right under company law to privatize the company by compulsory acquisition of the offered shares not owned or acquired under the offer in accordance with the same terms of the offer (i.e. the offer price of HK$23.50 per share).