China Beidahuang Industry Group Holdings Ltd. (HK:0039) has released an update.
China Beidahuang Industry Group Holdings Ltd. has announced an upcoming extraordinary general meeting scheduled for August 9, 2024, to discuss and potentially approve a major restructuring plan. This plan includes a share subscription agreement with an investor, a scheme for the arrangement of creditors, and various related transactions aiming to restructure the company and its subsidiaries. Shareholders will be given the opportunity to vote on resolutions pertaining to the restructuring, share issuance, and other related actions at the meeting in Hong Kong.
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