Xingda International Holdings Sees Major Share Acquisition

Xingda International Holdings (HK:1899) has released an update.

Xingda International Holdings recently concluded a voluntary conditional cash offer by Great Trade Limited, resulting in the latter holding approximately 63.43% of the company’s issued share capital. The offer, which closed on November 29, 2024, saw acceptances for 507,061,400 shares, representing 26.41% of the company’s issued shares. Shareholders who accepted the offer will receive payment by December 10, 2024.

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