ASI and ASH Shareholders Approve Reorganization

Asia Standard International Group (HK:0129) has released an update.

Asia Standard International Group Limited (ASI) and Asia Standard Hotel Group Limited (ASH) have announced a successful shareholder vote in favor of a proposed group reorganization. The reorganization involves a share exchange offer with cash payment to shareholders for the cancellation of certain shares, as part of a scheme of arrangement under Bermuda law. Following court approval, ASH shares are set to be withdrawn from listing, with details provided in a scheme document dated 29 August 2024.

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