Jan 21 (Reuters) - Polytec Asset Holdings Ltd :
* PROPOSED PRIVATISATION OF CO BY INTELLINSIGHT HOLDINGS BY WAY OF A SCHEME OF ARRANGEMENT
* DEAL AT CANCELLATION PRICE OF HK$1.50 PER SCHEME SHARE
* MADE APPLICATION FOR RESUMPTION OF TRADING FROM 22 JAN
* UPON SCHEME BECOMING EFFECTIVE, CO WILL APPLY TO STOCK EXCHANGE FOR WITHDRAWAL OF LISTING OF SHARES
* POLYTEC ASSET HOLDINGS ASSUMES TOTAL CONSIDERATION REQUIRED FOR SCHEME IS ABOUT HK$3,073.58 MILLION
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