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Regal Hotels International Holdings Limited ( (HK:0078) ) has provided an update.
Century City International Holdings and Regal Hotels International Holdings have postponed the dispatch of shareholder circulars related to a previously announced transaction, extending beyond the original mid-April deadline. The companies plan to issue the documents only after a formal sale and purchase agreement is signed, or if both parties decide no formal agreement is needed and the preliminary agreement remains in effect.
The delay stems from the need for more time to compile key financial disclosures, including indebtedness, working capital sufficiency, transaction impact and valuation details, to meet listing rules. Both companies have applied to the Hong Kong Stock Exchange for a waiver to push the circular dispatch deadline to 27 May 2026, signaling additional procedural lead time before shareholders receive full transaction information.
More about Regal Hotels International Holdings Limited
Regal Hotels International Holdings Limited is a Hong Kong-listed hospitality group focused on hotel ownership, operation and management, primarily serving business and leisure travelers in Hong Kong and selected overseas markets. Through its affiliation with Century City International Holdings and Paliburg Holdings, the group is involved in broader property and investment activities linked to its hotel and real estate portfolio.
Average Trading Volume: 228,540
Technical Sentiment Signal: Sell
Current Market Cap: HK$485.3M
See more insights into 0078 stock on TipRanks’ Stock Analysis page.