HHH1 G.K., a Hillhouse affiliate, has launched a tender offer for Circlace. The offer price is ¥2,020 per share, the offer period runs from 23 October to 7 December, and the company is expected to be delisted.
Circlace shares were bid higher after the company announced that HHH1 G.K., a Hillhouse affiliate, would launch a tender offer for the company.
The offer price is ¥2,020 per share, with the offer period running from 23 October to 7 December. The planned number of shares to be purchased is 4,456,145, the minimum is 2,970,800, and no maximum has been set.
Following completion of the TOB, the company is expected to be delisted after a series of procedures. Pasona Group, the largest shareholder, and TQUILA LIMITED, the second-largest shareholder, have agreed to tender all their shares into the TOB.