Elife Holdings Limited (HK:0223) has released an update.
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Elife Holdings Limited is the target of a pre-conditional voluntary cash partial offer by VBG Capital Limited on behalf of the Offeror to acquire 67,808,588 shares, representing about 5% of its issued share capital, at HK$0.11 per share. This offer, subject to regulatory approval and other conditions, seeks to expand the Offeror’s stake without exceeding 30% of the voting rights, ensuring no comparable offer is necessary for outstanding options. Interested investors should note the potential impact on Elife’s stock value and market dynamics as the offer progresses.
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