CPMC Holdings Advances Toward Acquisition Offer

CPMC Holdings Limited (HK:0906) has released an update.

CPMC Holdings Limited has provided an update on the ongoing pre-conditional voluntary general cash offer by Huarui Fengquan Development Limited to acquire all of its issued shares not already owned by Huarui. One of the conditions for the offer has been met with the acquisition of the Enterprise Overseas Investment Certificate from MOFCOM, but approval from NDRC and SAFE is still pending. The company will continue to work on meeting the remaining conditions and will make further announcements concerning the offer’s progress.

For further insights into HK:0906 stock, check out TipRanks’ Stock Analysis page.