Receipt of Intention to Make an Off-Market Takeover Bid
Brisbane, Mar 10, 2014 AEST (ABN Newswire) - Landbridge Group Co., Ltd ("Landbridge"), a company based in Shandong Province, China, has today announced that it conditionally intends to make an unsolicited off market takeover bid for all of the shares in WestSide Corporation Limited (
ASX:WCL) for cash consideration of $0.36 per share ("Intended Bid").
The Board of WestSide is currently reviewing the terms of the Intended Bid, and the conditions to a bid being made. However, as there is no guarantee that any formal offer will eventuate, shareholders are advised to take no action at this time.
The Intended Bid is highly conditional and subject to, amongst other things, the approval of various third parties (including Chinese and Australian government regulatory approvals) and Landbridge undertaking due diligence.
WestSide will make further announcements in due course.
Additional information is available on WestSide's website: http://www.westsidecorporation.com
Contact
WestSide Corporation Ltd
Michael Hughes
Managing Director
TEL: +61-7-3020-0900
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