Asia Standard Hotel Group Limited (HK:0292) has released an update.
Asia Standard Hotel Group Limited has announced the appointment of Altus Capital Limited as the independent financial adviser to guide its proposed group reorganization and share exchange offer. Shareholders and potential investors are advised to exercise caution as the proposal is contingent on certain conditions being fulfilled. A detailed letter of advice from the independent financial adviser will be forthcoming, outlining the implications of the proposal and the offer.
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