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Lifestyle China Group ( (HK:2136) ) has provided an announcement.
Lifestyle China Group is undergoing a privatization process led by Fortune Spirit Group Limited, which involves a Scheme of Arrangement under the Cayman Companies Act. The Offeror has proposed to increase the Cancellation Price for Scheme Shares by approximately 7.3% to HK$0.980, indicating a strategic move to secure shareholder approval for the privatization. The trading of shares, which was temporarily halted, is set to resume, and stakeholders should note the restrictions on future offers if the Scheme is not approved.
More about Lifestyle China Group
YTD Price Performance: -4.85%
Average Trading Volume: 2,177,450
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.46B
See more data about 2136 stock on TipRanks’ Stock Analysis page.