Guoline Overseas Limited to acquire remaining Guoco shares

Offer price is HK$88 per share.

Standard Chartered Bank will, on behalf of Guoline Overseas Limited, make a voluntary unconditional cash offer to acquire all of the issued shares in the share capital of Guoco, other than those already held by the offeror.

On the basis of the offer price of HK$88 per share and 329,051,373 shares in issue, the entire issued share capital of Guoco is valued at approximately HK$28,956,520,824. After taking into account the 235,348,529 shares already held by Guoline Overseas Limited, the offer is valued at approximately HK$8,245,850,272.

Guoline Overseas Limited intends to finance the cash required for the offer from a combination of debt financing provided by Standard Chartered Bank and internal cash resources.