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Beijing Capital Grand Limited ( (HK:1329) ) has provided an update.
Beijing Capital Grand Limited announced the results of a Court Meeting and an Extraordinary General Meeting (EGM) regarding its privatization proposal by BECL Investment Holding Limited. Shareholders approved the scheme of arrangement, which entails the cancellation of existing shares and issuing new shares to the offeror, leading to the company’s delisting from the Hong Kong Stock Exchange. This move is expected to impact the company’s operations by shifting its focus from public trading to private management, influencing investor relations and potentially leading to strategic shifts in its market positioning.
More about Beijing Capital Grand Limited
Beijing Capital Grand Limited is a company incorporated in the Cayman Islands with a primary focus on real estate development and investment. The company operates in the property sector, engaging in the development and management of commercial properties.
YTD Price Performance: 1.20%
Average Trading Volume: 4,533,856
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.96B
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