Jinke Smart Services shareholders get revised offer, buyback option

Jinke Smart Services Group (HKEX:9666) announced a revised unconditional mandatory cash offer with two acceptance options for shareholders.

Option A, conditional acceptance, allows shareholders to sell their shares at an enhanced offer price of HK$8.69 per share only if delisting conditions are met. If conditions are not satisfied, the acceptance lapses and shares are returned.

Option B, unconditional acceptance, allows shareholders to sell shares at a base offer price of HK$6.67 upfront. If delisting conditions are subsequently satisfied, an additional payment of HK$2.02 per share will be made, totaling HK$8.69 per share. If delisting conditions are not met, shareholders who chose Option B will have sold their shares at the base offer price without the additional payment.

A buyback option is also extended to shareholders who accepted the initial offer at HK$6.67 per share before the revised composite document's dispatch. This allows them to buy back their shares if delisting conditions are not met, placing them in a similar position to Option A. If delisting conditions are satisfied, these shareholders will receive an additional HK$2.02 per share.