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Offeror(s): HuaHan International Holdings (Hong Kong) Co. Limited
Independent Adviser(s): Simmons Corporate Finance
Company Meeting Date: 13/07/2016
TRS Investments Limited was an NZX-listed company. HuaHan International Holdings (Hong Kong) Co. Limited was a company registered and incorporated in Hong Kong.
HuaHan proposed to acquire 666,990,766 ordinary shares in TRS for a total consideration of $570,000. The proposed acquisition would result in HuaHan holding 55% of the shares in TRS (“the HuaHan acquisition”). HuaHan previously held 0% of the shares in TRS.
On 28 April 2016, the Panel approved Simmons Corporate Finance to prepare the independent adviser’s report under rule 18 of the Code.
The proposed acquisition was approved at a shareholder meeting held on 13 July 2016.