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Link-Asia International Medtech Group Ltd. ( (HK:1143) ) has provided an update.
China Energy Storage Technology Development Limited, a Hong Kong-listed energy storage technology company, is the subject of a privatisation proposal by Fame Castle Enterprises Limited. The move, if completed, would see the company withdrawn from trading on the Stock Exchange of Hong Kong, shifting it from public to private ownership.
The company and the offeror announced a delay in sending the scheme document outlining details of the privatisation and delisting. They have obtained regulatory consent to extend the dispatch deadline to on or before 30 June 2026, and warned shareholders and investors that the proposal may or may not proceed as it remains subject to various conditions and court directions.
More about Link-Asia International Medtech Group Ltd.
China Energy Storage Technology Development Limited is a Hong Kong-listed company focused on energy storage technologies and related solutions. The group operates within the broader clean energy and power technology sector, with its shares traded on the Main Board of the Stock Exchange of Hong Kong before the proposed privatisation and delisting.
Average Trading Volume: 3,525,336
Technical Sentiment Signal: Sell
Current Market Cap: HK$87.47M
For detailed information about 1143 stock, go to TipRanks’ Stock Analysis page.