A8 New Media Group Limited (HK:0800) has released an update.
A8 New Media Group Limited and LuxOrigo Investment Limited jointly announce a delay in the dispatch of the scheme document, initially set for 3 July 2024, to 30 July 2024, due to additional time required for court procedures and finalizing the document. The document is central to the proposed privatization of A8 New Media Group by way of a scheme of arrangement, and the subsequent withdrawal of its listing. Shareholders are advised to exercise caution and seek professional advice as the implementation of the proposal is subject to certain conditions.
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