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The Hong Kong Retail Trade Association: The total sales value of the retail trade in December last year fell as expected, estimating that this year's retail data will remain flat.
The government Statistics Department announced on Monday (the 3rd) that the provisional estimate of the total sales value in the Retail Trade for December last year was 32.8 billion yuan, a year-on-year decline of 9.7%. As for the revised estimate of the total sales value in the Retail Trade for November last year, it showed a year-on-year decline of 7.3%. The Chairman of the Hong Kong Retail Management Association, Xie Qiu An Yi, believes that the decline in the total sales value in the Retail Trade mentioned above is within expectations, primarily due to factors such as Hong Kong people traveling abroad during the Christmas holiday, changes in the consumption habits of visitors to Hong Kong, and a significant weakening of consumer power. She also pointed out that although the "one visa multiple entries" policy can drive traffic, currently only a few Industries are benefiting from it. Xie Qiu An Yi mentioned that due to the retail data base being relatively large in the first quarter of last year.
The LIFESTYLE CHI (02136.HK) privatization proposal shareholder meeting will be held next month, expected to delist on March 4.
LIFESTYLE CHI (02136.HK) announced that regarding Chairman Liu Luanhong's (the offeror) proposal to privatize the company through an agreement arrangement, the court meeting and the shareholder meeting are scheduled to be held on February 20 at 10:30 AM and 11:00 AM, respectively. According to the High Court's instructions, a court meeting will be held to consider and exercise discretion to approve the plan. The company expects the last time for shares to be traded on the stock exchange to be at 4:10 PM on February 21, and the expected time for the delisting of shares on the stock exchange to be effective is at 4:00 PM on March 4. Previously, Liu Luanhong set a privatization plan, proposing to set the privatization price per share at 0.913 yuan.
Lifestyle China Gets Sweetened Go-Private Offer From Chairman
Express News | Hong Kong stocks of LIFESTYLE CHI resumed trading and fell over 15%.
LIFESTYLE CHI (02136.HK) resumes trading down 14% after the privatization price is raised by 7.3% to 0.98 yuan.
LIFESTYLE CHI (02136.HK) resumed trading this morning (17th), opening down 15.31%, reaching a low of 0.82 yuan, currently reported at 0.84 yuan, down 14.29%, with a trading volume of 15.148 million shares, involving 12.7084 million yuan. LIFESTYLE CHI announced that the chairman, Liu Luanhong (the offeror), has revised the privatization plan, proposing to raise the privatization price per share from 0.913 yuan by 7.3% to 0.98 yuan. Before the suspension of trading, the company reported 0.98 yuan, consistent with the offer price.
Hong Kong stock movement | LIFESTYLE CHI (02136) reopens with a drop of over 15%. The privatization cancellation price has been raised to HKD 0.98. The company stated that there will be no further increases.
LIFESTYLE CHI (02136) resumed trading with a drop of over 15%. As of the time of writing, it is down 15.31%, priced at 0.83 Hong Kong dollars, with a transaction volume of 1.6882 million Hong Kong dollars.