Today (September 4), L’Occitane (0973.HK) announced a brief suspension of trading before the market opens, the reason for the suspension is to wait for the release of an announcement that constitutes inside information of the company under the Takeovers and Mergers Code.
L’Occitane, which has been rumored to be delisting from the Hong Kong stock market, privatizing and seeking a European listing since July, announced the suspension on Aug. 8 and resumed trading on Aug. 11th.
L’Occitane in the announcement released on August 11, said its controlling shareholder L’OccitaneGroupeS.A. is considering a possible transaction, but there is also the possibility of not carrying out any transaction, but there is no clear plan and enter into any definitive agreement, and pointed out that the previous rumors of privatization at a price of 35 Hong Kong dollars per share and a premium of 37% and so on are all rumors.
