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China National Building Material Announces Fulfillment of Share Buyback Offer Conditions

Story Highlights
  • China National Building Material focuses on construction materials production and supply.
  • The company has met conditions for a share buyback offer, now open until March 5, 2025.
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China National Building Material Announces Fulfillment of Share Buyback Offer Conditions

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China National Building Material Co ( (HK:3323) ) has issued an announcement.

China National Building Material Company Limited has announced the results of its Extraordinary General Meeting and related shareholder meetings, where conditions for a conditional cash offer to buy back up to 841,749,304 H shares at HK$4.03 per share have been fulfilled. The offer, facilitated by Morgan Stanley Asia Limited and supported by a whitewash waiver application, is now unconditional and will remain open for acceptance until March 5, 2025, allowing stakeholders to decide on their participation while considering independent financial advice.

More about China National Building Material Co

China National Building Material Company Limited is involved in the construction materials industry, focusing on the production and supply of building materials.

For detailed information about 3323 stock, go to TipRanks’ Stock Analysis page.

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