Chongqing Hongjiu Fruit Co. Ltd. Class H (HK:6689) has released an update.
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Chongqing Hongjiu Fruit Co., Limited has cancelled a planned issuance of 30,487,802 domestic shares following the termination of a connected transaction and will refund the initial subscription price plus a capital occupancy fee calculated at the one-year loan prime rate. The Board has stated that the termination agreement is in the best interest of the company and its shareholders and does not foresee any material negative impact on the company’s operations. Meanwhile, trading of the company’s H shares remains suspended since March 20, 2024, as they await the fulfillment of Resumption Guidance and the Stock Exchange’s approval for trading resumption.
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