DGAP-News: Haier Smart Home Co.,Ltd.: Announcement Regarding the Updates in Relation to the Possible Privatisation of Haier Electronics Group Co., Ltd.
DGAP-News: Haier Smart Home Co.,Ltd.
/ Key word(s): Mergers & Acquisitions/Mergers & Acquisitions
Announcement pursuant to Section 50 para. 1 no. 2 German Securities Trading Act (WpHG) Announcement Regarding the Updates in Relation to the Possible Privatisation of Haier Electronics Group Co., Ltd. On 12 December 2019, Haier Smart Home Co., Ltd. (the "Company") made a clarification announcement to clarify the news report regarding the planning of a H-share listing and privatisation of Haier Electronics Group Co., Ltd. (the "Haier Electronics", a company incorporated in Bermuda and listed on The Stock Exchange of Hong Kong Limited (stock code: HK 1169), and the proposal of a possible privatisation of Haier Electronics, the "Possible Privatisation"). This clarification announcement was published pursuant to Art. 17 para. 1 MAR. 1. Current Progress 2. Monthly Updates Therefore, the Company has made a monthly update announcement (jointly announced with Haier Electronics) pursuant to Rule 3.7 of the Takeovers Code in relation to the Possible Privatisation of Haier Electronics (the "Monthly Update Announcement") on 16 January 2020 on HKEXnews website (http://www.hkexnews.hk). The Monthly Update Announcement mainly states that the Company is still exploring the proposal on the Possible Privatisation, and as at the date of the announcement the Company has not furnished a definitive Possible Privatisation proposal to Haier Electronics, no agreement or other commitment has been made by the Company as to whether to proceed with the Possible Privatisation and the details and terms (including the exchange ratio and the timetable) of the Possible Privatisation are yet to be finalised, and there is no certainty that the Possible Privatisation will proceed. 3. Others Important notice: As at the date of this announcement, the Company is still exploring the proposal on the Possible Privatisation and has not furnished a definitive Possible Privatisation proposal to Haier Electronics. No agreement or other commitment has been made by the Company as to whether to proceed with the Possible Privatisation and the details and terms (including the exchange ratio and the timetable) of the Possible Privatisation are yet to be finalised, and there is no certainty that the Possible Privatisation will proceed. Haier Smart Home Co., Ltd. Board of Directors 16 January 2020
16.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Haier Smart Home Co.,Ltd. |
Haier Industrial Park, Laoshan District | |
266101 Qingdao | |
China | |
Phone: | +49 6172 9454 143 |
Fax: | +49 6172 9454 42143 |
E-mail: | [email protected] |
Internet: | www.haier.net |
ISIN: | CNE1000031C1, CNE000000CG9 (A-share), |
WKN: | A2JM2W |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 954839 |
End of News | DGAP News Service |
|
954839 16.01.2020
Qingdao Haier Co., Ltd Stock
Our community is currently high on Qingdao Haier Co., Ltd with 4 Buy predictions and 0 Sell predictions.
With a target price of 3 € there is a hugely positive potential of 95.36% for Qingdao Haier Co., Ltd compared to the current price of 1.54 €.