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The Securities and Futures Commission (SFC) has been informed by the Administrators of the Repurchase Offer by Hontex International Holdings Company Limited (Hontex) that the level of acceptance of the Repurchase Offer has exceeded 50%, reaching approximately 53% as at 4:00 pm yesterday (Note 1).
This means that the offer period for acceptance of the Repurchase Offer will be closed at 4:00 pm next Monday, 29 October 2012. There will not be any extension (Note 2).
For shareholders holding their shares through nominees, such as brokers or banks, the deadline will be earlier than 4:00 pm 29 October 2012 because nominees will need time to submit acceptances.
This is the last chance for shareholders who wish to accept the Repurchase Offer to submit their forms. Shareholders should check with their banks or brokers for details.
Investors holding Hontex shares are encouraged to carefully read the offer document issued by Hontex dated 24 September 2012 (http://ir.hontex.cn/html/ir_announce.php) and on HKExnews’ website (http://www.hkexnews.hk/index.htm) relating to the Repurchase Offer and to seek independent legal or other professional advice, if needed.
The SFC has published a set of Frequently-Asked-Questions (FAQs) to assist the investing public in understanding the Repurchase Offer by Hontex.
Notes:
- The administrators are Mr Stephen Liu Yiu Keung, Mr David Yen Ching Wai and Ms Koo Chi Sum of Ernst & Young.
- Please see SFC’s press release dated 24 September 2012.
