YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H (HK:1558) has released an update.
YiChang HEC ChangJiang Pharmaceutical Co., Ltd. is undergoing a proposed pre-conditional privatization by Sunshine Lake Pharma Co., Ltd. through a merger by absorption, which is still pending due to unfulfilled pre-conditions. The company has been working on preparing the necessary filings for listing the Offeror H Shares on the Stock Exchange, a process delayed by internal approval procedures and national holidays. Investors are cautioned that the merger is not assured and to exercise caution when dealing in the company’s securities.
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