Ping An Healthcare and Technology (HKG:1833) shareholder Glorious Peace will make an offer to purchase shares issued by the healthcare platform and for all outstanding options under a scrip dividend scheme.

Glorious Peace will offer to acquire the shares for HK$6.12 apiece, according to a Tuesday filing with the Hong Kong Exchange.

Under the healthcare platform's scrip dividend scheme, Ping An Healthcare and Technology will issue 1,042,630,820 new shares as a special dividend.

Of the new shares, 698,970,587 shares will be allotted to Glorious Peace, which holds 39.41% of Ping An Healthcare and is an indirect subsidiary of Ping An Insurance (HKG:2318, SHA:601318).

Upon completion of the share issuance as part of the special dividend, Glorious Peace, which already holds 441,000,000 shares or 39.41% of the shares of Ping An Healthcare, will already hold 1,139,970,587 shares, or 52.74% of the platform's shareholding as enlarged by the issuance.

Ping An Healthcare and Technology also has 6,871,672 outstanding options under an employee incentive scheme.

Glorious Peace will also offer option holders a see-through price, which is the offer price of the share offer subtracted by the relevant exercise price of the outstanding options for the cancellation of every vested or unvested option, the filing said.