Channel Micron Holdings Company Limited (HK:2115) has released an update.
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Channel Micron Holdings Company Limited, through its affiliate MayAir HK Holdings, has announced a pre-conditional proposal to privatize CM Hi-Tech Cleanroom Limited by a scheme of arrangement, followed by a delisting from the stock exchange. The arrangement includes a cash payment of HK$0.25 per share to shareholders, representing a 25% premium over the last closing price, with certain shareholders retaining their interest through a rollover agreement. This strategic move aims to take the company private and is subject to meeting pre-set conditions and approvals.
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