FINWIRES · TerminalLIVE
FINWIRES

Dai Nippon Printing Launches Tender Offer for Austrian Smart Card Firm AUSTRIACARD

By

Dai Nippon Printing (TYO:7912) has published the offer document for its public tender to acquire all ordinary shares of Australian-listed AUSTRIACARD, according to a Tokyo bourse filing on Friday.

The offer price is set at 10 euros per share on a cum-dividend basis, with the initial acceptance period running 10 weeks from June 12 to Aug. 21.

Dai Nippon Printing expects to complete the acquisition by September, after which AUSTRIACARD, a payment card and security printing firm operating across Europe, Africa, and North America, will become a consolidated subsidiary.

The settlement remains contingent on receiving certain regulatory approvals under foreign direct investment and competition laws, and the timing may shift depending on when those approvals are granted.

Related Articles

Asia

Asia Commercial Forecasts Rise in Full-Year Profit

Asia Commercial (HKG:0104) expects a net profit of at least HK$39 million for the year ended March 31, up from HK$24 million a year prior, according to a Friday Hong Kong bourse filing.The watch seller attributed the forecast to a reduction in fair value losses on investment properties.

$HKG:0104
Asia

Central Plains Environment Protection Subsidiary to Establish Clean Energy Supply Company

Central Plains Environment Protection (SHE:000544) wholly-owned subsidiary Zhengzhou Xinhong Reclaimed Water Resources Development and Utilization will invest 10 million yuan to establish a clean energy supply company.The newly-established company will utilize local reclaimed water, geothermal, and other resources, according to a Friday filing with the Shenzhen bourse.

$SHE:000544
Asia

OKG Technology Warns of Wider Fiscal-Year Loss

OKG Technology (HKG:1499) expects an attributable loss of at least HK$20 million for the year ended March 31, compared with HK$15.8 million a year prior, according to a Friday Hong Kong bourse filing.The construction engineering company attributed the forecast to a lower revenue from the foundation, building construction work, and ancillary services segment.

$HKG:1499