Possible partial tender offer for shares in Sichuan Shuijingfang Company Limited
Diageo, through its wholly-owned indirect subsidiary, Grand Metropolitan International Holdings Limited (“GMIHL”), has approached the Board of Directors of Sichuan Shuijingfang Company Limited (“SJF”) with a proposal for a partial tender offer to increase its aggregate equity stake in SJF (through its wholly-owned subsidiaries) from 60.00% to up to 70.0% at an offer price of RMB45.00 per share.
SJF has made an announcement in respect of such proposal on the website of the Shanghai Stock Exchange (http://www.sse.com.cn). An English translation of SJF’s announcement is set out below.
The announcement today, of the proposal outlined above, does not constitute the announcement of an offer and creates no obligation on Diageo and/or any Diageo subsidiary to make an offer. Accordingly, shareholders in SJF have been advised that such proposal is still under discussion and there can be no certainty that any offer will be made. Shareholders have been further advised to be aware of investment risks in SJF shares. Further developments will be communicated to shareholders in due course.