Offeror(s): Zheijiang RIFA Holding Group Co

Independent Adviser(s): Grant Samuel & Associates Limited

Offer Date: 08/12/2016

Closing Date: 05/03/2017

Offer Type: Partial

On 5 October 2016, Zheijiang RIFA Holding Group Co (“RIFA”) gave notice of its intention to make a partial takeover offer to acquire 75% of the fully paid ordinary shares on issue in Airwork Holdings Limited (“Airwork”) at $5.40 per share. A second notice was given on 8 November 2016, to allow more time to obtain required third party approvals prior to any formal offer being made. RIFA subsequently sent the offer to Airwork shareholders on 8 December 2016.

The offer closed on 5 March 2017, and became unconditional on 14 March 2017. The level of acceptances reached 94.464%. Acceptances were then scaled back to 75%.

We have not received consent to publish other documents in relation to this transaction on our website. However, copies of these documents are available upon request to the Panel under the Official Information Act 1982. Please send your written Official Information requests to takeovers.panel@takeovers.govt.nz

Key Documents

Takeover Offer: