China New City Commercial Development Ltd (HK:1321) has released an update.
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China New City Group Limited announced a further delay in the dispatch of a circular regarding its off-market share buy-back, initially expected by 26 August 2024, now potentially postponed until 18 October 2024. The delay is due to the need for additional time to finalize critical financial information. Meanwhile, the firm has confirmed the establishment of an Independent Board Committee and the appointment of Lego Corporate Finance Limited as the Independent Financial Adviser.
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