Hengdeli Holdings (HK:3389) has released an update.
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Hengdeli Holdings Limited has announced a voluntary cash partial offer to acquire approximately 15% of its shares from qualifying shareholders at HK$0.16 per share, with the offer contingent on regulatory approval. Trading of shares is set to resume, and an independent financial adviser has been appointed to assist with the transaction. The offer is subject to a pre-condition that requires consent from regulatory authorities, without which the offer will not proceed.
For further insights into HK:3389 stock, check out TipRanks’ Stock Analysis page.