Asia Orient Holdings (DE:ASD1) has released an update.
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Asia Orient Holdings, alongside its affiliates, has announced a proposed group reorganisation involving a share exchange offer with a cash payment to shareholders upon the cancellation of their shares. The plan includes a proposal to withdraw the listing of shares from the stock exchange, effectively turning ASH into a non-listed, indirect subsidiary of ASI. Shareholders affected by the scheme will receive new ASI shares and a cash payment for each share cancelled.
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