Shandong Weiqiao Textile Technology to acquire Weiqiao Textile

Shandong Weiqiao Textile Technology Co., Ltd. entered into a merger agreement on December 4, 2023, to acquire Weiqiao Textile for HK$3.50 per H share and RMB 3.180870 per domestic share, totaling about HK$1.448 billion and RMB 72.8 million.

“The cancellation price of HK $3.50 per H share is about 104.68% higher than the closing price of HK $1.710 per H share on November 24, 2023.”sjfzxm.com

• 1 source
• sjfzxm.comWeiqiao Textile (02698): Jointly Announced By The Offeror Shandong Weiqiao Textile Technology Co., LtdDec 5, 2023

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