PUBLIC FIN HOLD (00626.HK): Appoints Somerley Capital as Independent Financial Adviser for Public Bank's Privatisation Proposal by Scheme of Arrangement
- The Company and Public Bank, the Offeror, jointly published an announcement in relation to the privatisation proposal on 8 September 2026.
- Somerley Capital Limited is a licensed corporation under the Securities and Futures Ordinance to carry on Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities.
- Implementation of the proposal and the scheme is subject to the conditions being fulfilled or waived on or before the long-stop date, and the proposal may or may not proceed and the scheme may or may not become effective.
NewTimeSpace News: On 14 September 2026, Public Financial Holdings Limited (stock code: 00626.HK) announced that Somerley Capital Limited, a licensed corporation under the Securities and Futures Ordinance to carry on Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities, has been appointed as the independent financial adviser, and its opinion letter will be included in the scheme document to be despatched to shareholders.
The announcement referred to the joint announcement published by the Company and Public Bank (the Offeror) on 8 September 2026 in relation to, among other things, the proposal to privatise the Company by the Offeror by way of a scheme of arrangement under Section 99 of the Bermuda Companies Act 1981. The Company reminded shareholders and potential investors that the implementation of the proposal and the scheme is subject to the conditions being fulfilled or, where applicable, waived on or before the long-stop date, and accordingly the proposal may or may not proceed and the scheme may or may not become effective.
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