Meanwhile, "the management of Hibiscus Petroleum and Hydra Energy shareholders have agreed to a lock up period post consummation of the transaction and the transaction is structured such that it is not expected to trigger a mandatory general offer
3% in APB and would make a mandatory general offer
for the remaining shares.
The Takeovers and Mergers Panel (the Panel) has this month upheld a ruling by the Takeovers Executive (the Executive) granting ArcelorMittal a waiver from the obligation to make a mandatory general offer
for China Oriental Group Company Limited under the Hong Kong Code on Takeovers and Mergers.
HIBV intends to make a mandatory general offer
for the remaining shares of APB in accordance with the Singapore Code on Take-overs and Mergers.
6% stake in APB it and will immediately start a mandatory general offer
Upon closing, the transactions will trigger an obligation for Newforest to make a mandatory general offer
to the shareholders of Greenheart in compliance with The Code on Takeovers and Mergers in Hong Kong.