Doyen International Holdings Ltd. (HK:0668) has released an update.
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Doyen International Holdings Limited is set for privatization by Galaxy Bond Holdings Limited through a scheme of arrangement, which includes the cancellation of issued shares in exchange for a cash payment of HK$0.350 per share. Upon completion, Galaxy Bond will own 100% of Doyen International, leading to the withdrawal of Doyen’s listing from the Stock Exchange. The move aims to restructure the company’s ownership and financial standing, with trading of shares set to resume after the announcement.
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