Crown International Corporation Limited (HK:0727) has released an update.
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Crown International Corporation Limited is set to make a significant move with the proposed acquisition of a 75% equity interest in Zhuhai Minshi Taocifa Company Limited, which will become a subsidiary upon completion. The funding for this substantial acquisition is expected to come from the company’s internal resources and a forthcoming rights issue, subject to shareholder approval. Trading of the company’s shares has been halted since August 1, 2024, as details of the transaction are finalized and pending further announcements.
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