Metals X Limited Proposes Partial Offer for Greentech Technology

Greentech Technology International Limited ( (HK:0195) ) has provided an announcement.

Greentech Technology International Limited is the target of a pre-conditional voluntary cash partial offer by Yu Ming Investment Management Limited on behalf of Metals X Limited. The offer aims to acquire up to 382,480,000 shares, representing 28% of Greentech’s issued share capital, at HK$0.35 per share. The offer is subject to certain pre-conditions, including obtaining necessary consents and waivers under the Takeovers Code. The partial offer will be unconditional and extended to all qualifying shareholders, although it will not result in Metals X Limited holding 30% or more of the voting rights, thus no comparable offer will be made for outstanding options.

More about Greentech Technology International Limited

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$382.5M

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