Reyoung

Reyoung: controlling sh/h, R&Y Hldgs to take co private at $0.53. This is a 23.3% premium over the last traded at $0.43. R&Y, the offeror, is fully owned by Honco Union which currently owns 45.6 per cent of Reyoung. Honco is in turn owned by Reyoung’s exec chairman, an ED, and 3 directors of a Reyoung subsi in China...

R&Y and shareholders likely to vote for delisting have a combined 83.1% stake. Offer is conditional on approval by 75% of shareholders and not voted against by more than 10%. Move was prompted by low trading liquidity of Reyoung shares and likely done deal.