Asia Standard International Group (HK:0129) has released an update.
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Asia Standard International Group and its affiliates announced a proposed group reorganization and share exchange offer, which includes a cash payment to shareholders upon share cancellation. The process, under review according to the Companies Act of Bermuda, has been delayed as additional time is needed for court proceedings and document finalization, with a new target date set for document dispatch. Investors are cautioned that the transactions are contingent on meeting certain conditions, and there is no guarantee of their completion.
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