Joint announcement - (1) close of mandatory unconditional cash offer by clsa limited for and on behalf of mega nova holdings limited to acquire all the issued shares of SMC Electric Limited (other than those shares already owned and/or agreed to be acquired by the offeror and offeror concert parties); (2) results of the offer; (3) settlement of the offer; and (4) public float of the company
Filed with HKEX · Stock code 2381 · · 6 pages · English
Summary by 6ix AI
This filing is a joint announcement regarding the close of a mandatory unconditional cash offer by Mega Nova Holdings Limited for SMC Electric Limited's shares, along with the results and settlement of the offer. The offer closed without any revisions or extensions, and valid acceptances were received for a small percentage of the company's total issued shares. The announcement also discusses the company's shareholding structure and the public float status following the offer's completion. It notes that the company does not currently meet the minimum public float requirement and has applied for a temporary waiver from the Stock Exchange.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
- Joint announcement despatch of the composite document in relation to mandatory unconditional cash offer by clsa limited for and on behalf of mega nova holdings limited to acquire all the issued shares of SMC Electric Limited (other than those shares already owned and/or agreed to be acquired by the offeror and offeror concert parties)
- Omposite document relating to mandatory unconditional cash offer by CLSA limited for and on behalf of mega nova holdings limited to acquire all the issued shares of SMC Electric Limited (other than those shares already owned and/or agreed to be acquired by the offeror and offeror concert parties)
Earlier from SMC Electric
- Monthly Return of Equity Issuer on Movements in Securities for the month ended 30 September 2026
- Disclosure of Dealings under Rule 22 of the Takeovers Code
- Joint announcement despatch of the composite document in relation to mandatory unconditional cash offer by clsa limited for and on behalf of mega nova holdings limited to acquire all the issued shares of SMC Electric Limited (other than those shares already owned and/or agreed to be acquired by the offeror and offeror concert parties)
- Form of acceptance and transfer of ordinary shares of nominal value of HK$0.01 each in the issued share capital of SMC Electric Limited
- SMC Electric: Proposals for general mandates to issue shares and to repurchase shares and re-election of the retiring directors and notice of annual general meeting
Later from SMC Electric
- Change of directors, change of chairman of the board, change of chief executive officer, change in composition of board committees, change of Authorised representatives and process agents, change of head office and principal place of business in Hong Kong, grant of waiver from strict compliance with the minimum public float requirement and restoration of public float
- List of directors and their roles and functions
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