Canvest Environmental Plans Privatization and Delisting

Canvest Environmental Protection Group Co. Ltd. (HK:1381) has released an update.

Canvest Environmental Protection Group Co. Ltd. is set to undergo a privatization move through a scheme of arrangement proposed by Grandblue Investment Hongkong Limited. The significant financial restructuring includes a capital injection of RMB4.6 billion into Grandblue Foshan, along with connected transactions like land and office building disposals. With these changes, Canvest also plans to withdraw its listing from the stock exchange, signaling a notable shift for investors and stakeholders.

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