Asia Standard Announces Group Reorganization Plan

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

Asia Standard International Group, in collaboration with Asia Standard Hotel Group and The Sai Group Limited, announced a proposed reorganization involving a share exchange offer with a cash payment option. The scheme document detailing the proposal has been dispatched to shareholders and convertible note holders, outlining the offer, expected timelines, and recommendations from an Independent Board Committee and Financial Adviser.

For further insights into HK:0129 stock, check out TipRanks’ Stock Analysis page.