Elate Holdings Limited (HK:0076) has released an update.
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Elate Holdings Limited has entered into a significant transaction involving the disposal of its entire production lines and graphite ore in Madagascar for $21,045,651, to be paid in graphite product. This substantial disposal requires shareholder approval as per listing rules, with an Extraordinary General Meeting (EGM) planned to seek consent. While the transaction is still conditional and may not proceed, shareholders and potential investors are advised to exercise caution when trading the company’s securities.
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