Huasheng International Clarifies Shareholder Rights in Wisdom Group Acquisition

Huasheng International Holding Limited (HK:1323) has released an update.

Huasheng International Holding Limited has announced a supplemental update regarding its acquisition of the Wisdom Group, clarifying shareholder rights for different classes of shares in the target company. Class A shareholders are entitled to dividends but lack voting rights, while Class B shareholders can vote but do not receive dividends. Templewater Investments, owned by Mr. Cliff Zhang and Investec Bank plc, is associated with this transaction.

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