Asia Standard Hotel Group Limited (HK:0292) has released an update.
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Asia Standard Hotel Group Limited has announced the successful approval of a proposed group reorganization that includes a share exchange offer with cash payment to shareholders for the cancellation of their shares. This development comes following the approval of resolutions at both the Court Meeting and the Special General Meeting (SGM) held on September 23, 2024. The reorganization will also lead to the proposed withdrawal of ASH shares from the listing, with the register of members closing from October 2, 2024, to finalize entitlements.
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