December 7, 2016 / 3:20 PM / 8 months ago

BRIEF-SMIT Holdings updates on acquisition agreement, trading resumption

Dec 7 (Reuters) - Smit Holdings Ltd :

* Offeror has agreed to purchase sale shares, representing approximately 42.29% of total issued share capital of company

* application has been made to stock exchange to allow dealings in shares to resume on 8 december 2016

* On 5 dec, vendors and offeror entered into sale and purchase agreements

* Share offer price of hk$2.25 per offer share

* Maximum amount payable by offeror under share offer will be hk$136.2 million

* Transaction related to acquisition of shares in smit holdings limited by green flourish limited Source text for Eikon: Further company coverage:

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