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Longhui International Holdings Ltd. ( (HK:1007) ) has provided an announcement.
Longhui International Holdings has appointed Aurelius Corporate Finance Limited as independent financial adviser to assess the fairness and commercial terms of its proposed acquisition of a 51% stake in Go Forward Corporation Limited, including the issuance of a promissory note, and to advise independent directors and shareholders on how to vote. The adviser’s views will be set out in a circular expected by 30 June 2026, while trading in Longhui’s shares, suspended since 31 March 2025, will remain halted until resumption conditions are met and the acquisition’s completion, which remains uncertain, heightens the need for investors to exercise caution.
The continued suspension of trading underscores unresolved regulatory and transactional hurdles that Longhui must clear before its shares can resume trading on the Hong Kong bourse. The outcome of the independent assessment and the eventual fate of the acquisition will be closely watched by shareholders and potential investors, as they bear directly on the company’s strategic direction and the timetable for restoring market liquidity in the stock.
More about Longhui International Holdings Ltd.
Longhui International Holdings Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange. The group is engaged in investment and corporate activities and is currently pursuing a major and connected transaction to acquire a 51% equity interest in Go Forward Corporation Limited, reflecting a strategic push to expand its business portfolio.
Technical Sentiment Signal: Sell
Current Market Cap: HK$13.27M
Learn more about 1007 stock on TipRanks’ Stock Analysis page.