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Canvest Environmental Proposes Privatisation, Progresses on Pre-Conditions

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Canvest Environmental Proposes Privatisation, Progresses on Pre-Conditions

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Canvest Environmental Protection Group Co. Ltd. ( (HK:1381) ) just unveiled an announcement.

Canvest Environmental Protection Group Co. Ltd. announced a pre-conditional proposal for its privatisation by Grandblue Investment Hong Kong Limited through a scheme of arrangement under the Companies Act of the Cayman Islands. The company has made significant progress in meeting pre-conditions, including the completion of the Yuezhan Environmental Disposal, which involved transferring equity and ensuring no financial loss or debtor-creditor relationships. This move could impact the company’s market presence and operational strategies, with implications for its stakeholders as it seeks to withdraw from listing.

More about Canvest Environmental Protection Group Co. Ltd.

Canvest Environmental Protection Group Co. Ltd. operates in the environmental protection industry, primarily focusing on waste-to-energy projects and other environmental management services. The company is incorporated in the Cayman Islands and is listed under stock code 1381.

YTD Price Performance: 1.79%

Average Trading Volume: 749

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €1.4B

See more data about 1381 stock on TipRanks’ Stock Analysis page.

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