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The latest announcement is out from China Wah Yan Healthcare ( (HK:0648) ).
China Wah Yan Healthcare has announced a further extension of the Long Stop Date for its restructuring agreement with SoftMedx Healthcare Limited, moving it to 31 December 2025. This extension allows more time to fulfill conditions necessary for the completion of loan conversions, which are crucial for the company’s financial restructuring. The extension reflects the company’s ongoing efforts to address regulatory concerns and its commitment to completing the restructuring process. The announcement also highlights the implications under the Takeovers Code, with the Investor and Mr. Huang potentially holding a significant majority of shares upon completion of the loan conversions, necessitating a Whitewash Waiver to avoid a mandatory general offer.
More about China Wah Yan Healthcare
Current Market Cap: HK$123.9M
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