Hong Kong Science and Technology Exploration (01137) issued an announcementplayslotsonlinefree, New Bailey will make a conditional cash offer on behalf of the companyplayslotsonlinefree, based on 2 per shareplayslotsonlinefree.15 HK$100 million shares, representing approximately 11% of the issued shares as at the date of this announcementplayslotsonlinefree.25%）。The company will not buy back the maximum number of shares, and there is no minimum number of shares proposed for repurchase in the offer. The offer price represents a premium of approximately 20.8% to the closing price of HK$1.78 as quoted on the Stock Exchange on the last trading day.
The offer will be made in accordance with the Code. The consideration for the offer (which will total HK$215 million if the offer is fully accepted) will be paid in cash to the accepting shareholders and will be funded from the Group's internal resources.