Doyen International Moves Towards Privatization

Doyen International Holdings Ltd. (HK:0668) has released an update.

Doyen International Holdings Ltd. and Galaxy Bond Holdings Limited have announced a privatization proposal for Doyen via a scheme of arrangement, backed by irrevocable commitments from significant shareholders. These shareholders, holding over 19% of Doyen’s issued share capital, have agreed to vote in favor of the proposal and not to dispose of their shares before the approval meetings.

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