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Shandong Fengxiang Co., Ltd. Class H ( (HK:9977) ) has provided an announcement.
Shandong Fengxiang Co., Ltd., a company incorporated in the People’s Republic of China, is undergoing a proposed pre-conditional privatization by Jingyu Enterprise Development (Shandong) Co., Ltd. through a merger by absorption. This move includes the withdrawal of its H Shares listing and involves a special deal related to rollover arrangements. The company has announced that all pre-conditions for the merger have been satisfied, and the dispatch of the Composite Document to H Shareholders is extended to no later than July 11, 2025. This development marks a significant transition for the company, potentially impacting its market presence and stakeholder interests.
More about Shandong Fengxiang Co., Ltd. Class H
Average Trading Volume: 366,020
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.98B
For a thorough assessment of 9977 stock, go to TipRanks’ Stock Analysis page.