Xingda International Holdings (HK:1899) has released an update.
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Xingda International Holdings has announced that a voluntary conditional cash offer by Great Trade Limited to acquire its remaining shares has become unconditional. The offer, which received valid acceptances for approximately 23.73% of the company’s issued share capital, now results in Great Trade Limited and its concert parties holding around 60.76% of Xingda’s voting rights. This development could significantly impact Xingda’s future strategic direction and shareholder value.
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