Civitas Social Housing to Delist From London's Main Market
July 06 2023 - 5:35AM
Dow Jones News
By Michael Susin
CK Asset Holdings said Thursday that Civitas Social Housing is
required to cancel its share trading on the London Stock Exchange's
main market after the Hong-Kong-based property developer obtained
75% or more of Civitas's issued share capital.
CK Asset--which is bidding for Civitas through its wholly-owned
indirect subsidiary Wellness Unity--said it is considering the
possibility of maintaining the REIT status of Civitas, and is in
the process of making an application to list Civitas shares on the
International Stock Exchange in Jersey.
CK Asset said the offer for the compulsory acquisition of the
remaining shares will remain open and urged shareholders to accept
the offer given they may be unable to sell later.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
July 06, 2023 05:20 ET (09:20 GMT)
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