Asia Cement (China) Holdings (DE:4OJ) has released an update.
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Asia Cement (China) Holdings Corporation’s proposed privatization by Asia Cement Corporation has fallen through after failing to get the necessary approval from shareholders at a court meeting. Consequently, the plan to withdraw the company’s listing on the Hong Kong Stock Exchange has been abandoned, and the offeror is now barred from announcing another offer for the company’s shares for the next 12 months without regulatory consent.
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