A8 New Media Group Limited (HK:0800) has released an update.
A8 New Media Group Limited is set to go private as LuxOrigo Investment Limited’s proposal for privatisation by way of a scheme of arrangement has been approved by shareholders. Additionally, plans are underway for the withdrawal of A8 New Media Group Limited’s shares from the Stock Exchange following the effective date of the scheme. In a concurrent move, the company also announced a significant change in board lot size, contingent on the scheme’s success.
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