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PA GOODDOCTOR Receives Buyout Offer from PING AN at $6.12 per Shr w/ No Intention to Privatize
PA GOODDOCTOR (01833.HK) announced that as a result of the election for scrip dividend by Glorious Peace, an offeror and a wholly-owned subsidiary of PA GOODDOCTOR's controllin...
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PA GOODDOCTOR Receives Buyout Offer from PING AN at $6.12 per Shr w/ No Intention to Privatize
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PA GOODDOCTOR (01833.HK)  0.000 (0.000%)    Short selling $12.15M; Ratio 12.055%   announced that as a result of the election for scrip dividend by Glorious Peace, an offeror and a wholly-owned subsidiary of PA GOODDOCTOR's controlling shareholder PING AN (02318.HK)  0.000 (0.000%)    Short selling $282.95M; Ratio 20.746%   , under the scrip dividend scheme, Glorious Peace will be required to make a mandatory general offer for all the offer shares pursuant to the Takeovers Code and an appropriate offer for all outstanding options to cancel all outstanding options. The cash offer price is $6.12 per share, representing a discount of around 2.86% to the stock's closing price yesterday (7th).

Following the close of the offers, the offeror intends that PA GOODDOCTOR will continue its existing principal business. The offeror has no intention to redeploy any fixed assets of PA GOODDOCTOR or to discontinue the employment of the employees of the group. In addition, the offeror has no intention to, and believes there is no reasonable likelihood to, privatize PA GOODDOCTOR.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-17 16:25.)

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