サークレイス announced that it would conduct a TOB for Hillhouse-affiliated shares at ¥2,020 per share, and the procedures toward delisting are expected to move forward. The company is reportedly considering purchasing shareholders' holdings through a cash tender offer.
サークレイス disclosed its intention to conduct a lock-up-style public tender offer (TOB) for Hillhouse-affiliated shares at ¥2,020 per share. Depending on the outcome of the TOB, the procedures toward delisting are expected to move forward.
The article does not provide details on the specific TOB terms, the number of shares subject to the offer or the schedule, and reports only the key points of the announcement.