BRIEF-Wheelock And Co Announces Proposal For Privatisation Of Co By Admiral Power Holdings Ltd

Feb 27 (Reuters) - Wheelock and Co Ltd:

* ANNOUNCES PROPOSAL FOR PRIVATISATION OF CO BY ADMIRAL POWER HOLDINGS LTD

* OFFEROR ASKS BOARD TO PUT FORWARD PROPOSAL TO SHAREHOLDERS, INCLUDES DISTRIBUTION OF 1 WHARF REIC SHARE & 1 WHARF SHARE FOR EACH HELD

* OFFEROR ASKS BOARD TO PUT PROPOSAL TO SHAREHOLDERS, INCLUDES CO'S PRIVATISATION FOR HK$12 PER SHARE LESS DIVIDEND ADJUSTMENT

* UPON COMPLETION OF PROPOSAL, CO TO BE OWNED 32.51% BY OFFEROR, 48.48% BY TRUSTEE, 19.01% BY OTHER OFFEROR CONCERT PARTIES

* TO APPLY TO STOCK EXCHANGE FOR WITHDRAWAL OF SHARE LISTING ON EXCHANGE Source text for Eikon: Further company coverage: