CPMC Holdings Limited (HK:0906) has released an update.
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CPMC Holdings Limited has announced that a key precondition for the voluntary general cash offer by Huarui Fengquan Development Limited to acquire all issued shares of CPMC has been met following approval without conditions by the State Administration for Market Regulation (SAMR). This moves Huarui closer to completing the acquisition, though other preconditions remain. The company will continue to update shareholders as further progress is made.
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