A8 New Media Group Limited (HK:0800) has released an update.
A8 New Media Group Limited has appointed Red Solar Capital Limited as the Independent Financial Adviser to assist with its proposed privatisation by LuxOrigo Investment Limited. The detailed advice provided by the Independent Financial Adviser will be included in the forthcoming Scheme Document, which is yet to be dispatched to shareholders. Shareholders and potential investors are cautioned to seek professional advice due to the conditional nature of the proposal and the uncertainties surrounding its implementation.
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