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LIFESTYLE CHI (02136.HK): SOMERLEY CAP has been appointed as the independent financial advisor.
On December 12, Gelonghui reported that LIFESTYLE CHI (02136.HK) announced that SOMERLEY CAP has been appointed as an independent financial advisor to provide advice on suggestions and plans to the Independent Director Committee. This appointment has been approved by the Independent Director Committee in accordance with Rule 2.1 of the Takeover Code.
Hong Kong stock abnormality | Lifestyle Chi resumed trading and surged nearly 30% at one point, Chairman Liu Luanhong offered a 21.7% premium for privatization.
Gelonghui, December 9|Lifestyle chi (2136.HK) resumed trading today, initially rising by 29.33% to 0.97 Hong Kong dollars, with the stock price hitting a new high since August 2023. So far, nearly 20 million Hong Kong dollars have been traded. On the news front, following the privatization of SOGO's parent company, Lifestyle International, the same group company, Lifestyle chi, has announced that FORTUNE SPIRIT GROUP LIMITED, wholly owned by executive director and chairman and CEO "Little Liu" Liu Luanhong, as the offeror, proposes to privatize the group and withdraw its shares from the stock exchange through a negotiated arrangement, at a current price of each share.
Graceful Gathering December 9th | Lifestyle Chi (2136.HK) resumed trading with a nearly 27% increase, Chairman Liu Luanhong received a privatization offer.
Graceful Gathering December 9th | Lifestyle Chi (2136.HK) resumed trading with a nearly 27% increase, Chairman Liu Luanhong received a privatization offer.
Lifestyle chi (02136.HK) chairman offers to privatize at HKD 0.913 per share, shares resumed trading.
lifestyle chi (02136.HK) announced that the chairman Liu Luanhong (the offeror) proposed to privatize the company by way of an arrangement, with a price of HKD 0.913 per share, which is a premium of 21.73% compared to the last closing before trading suspension, involving approximately HKD 0.335 billion. After the privatization, the company will apply to cancel the listing status of its shares on the Stock Exchange. Currently, the offeror, who is acting in concert outside of the plan, holds a total of 74.91% of the company's equity. The company's shares have applied to resume trading on Monday (the 9th).
Lifestyle chi (02136) received a privatization proposal from Chairman Liu Luanhong at a premium of about 21.7%, resuming trading on December 9.
Lifestyle chi (02136) and the offeror FORTUNE SPIRIT GROUP LIMIT...
Lifestyle chi (02136.HK) proposes to privatize and delist the company through an agreement arrangement, with plans to resume trading on December 9.
On December 6, Gelonghui reported that lifestyle chi (02136.HK) announced that the offeror, Fortune Spirit Group Limited, in conjunction with the company, requested the board of directors to present a proposal to the planned shareholders for the privatization of the company on December 2, 2024, through a plan (that is, an agreement arrangement under Section 86 of the Cayman Companies Law). The proposal involves (i) the cancellation and removal of the planned shares, with cash paid to the planned shareholders at the cancellation price for each share that has been canceled and removed as consideration on the record date for the plan; (ii) through the allocation and issuance of shares to the offeror.