China Ruifeng Renewable Energy Holdings Ltd. (HK:0527) has released an update.
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China Ruifeng Renewable Energy Holdings Ltd. is in the process of finalizing terms for a major equity transfer agreement, which is part of a larger set of proposed transactions including new share subscriptions, convertible bond subscriptions, and a potential acquisition of a 50% equity interest in a target company. All these proposals are subject to certain conditions which have yet to be met or waived. Shareholders and potential investors are urged to exercise caution and seek professional advice when dealing with the company’s securities.
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