possible exit offer for china xlx-凯发娱乐官网


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possible exit offer for china xlx
发布时间:2013-12-13 点击次数:1943 字号:t|t

 china xlx fertiliser has been approached by controlling shareholder pioneer top holdings over a possible exit offer for the shares that it does not yet own.

the offer, if made, is not intended to take the company private as china xlx shares will continue to be listed in hong kong.

 in a regulatory filing yesterday, china xlx said the possible exit offer would be at a cash consideration of 40 cents per share, and is in connection with a possible voluntary delisting from singapore exchange.

the consideration price is at a 23 per cent premium to china xlx's last traded price of 32.5 cents.

 pioneer top holdings and its concert parties now hold a 64.9 per cent interest in the company.

 china xlx also has yuan-denominated convertible bonds worth about 324 million yuan (s$67 million), which can be converted to 176 million shares at a price of 1.84 yuan per share.