Asia Standard Hotel Group Limited (HK:0292) has released an update.
Asia Standard Hotel Group Limited has announced a delay in dispatching the Scheme Document for the proposed group reorganisation, which involves a share exchange offer with a cash payment option. The delay is due to the need for additional time to accommodate the Court’s schedule and to finalize the Scheme Document, with a new dispatch deadline set for 6 September 2024. Investors are cautioned that the proposed reorganisation and all related transactions are subject to approval and there is no guarantee of their implementation.
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