Canvest Environmental Protection Group Co. Ltd. (HK:1381) has released an update.
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Canvest Environmental Protection Group Co. Ltd. and Grandblue Investment Hongkong Limited have jointly announced a proposal for the privatization of Canvest through a scheme of arrangement, alongside connected transactions including land and parking disposals. The proposal, subject to pre-conditions and approvals, could lead to the withdrawal of Canvest’s listing from the stock exchange. Shareholders and investors are urged to exercise caution and consult professional advisers when dealing with the company’s securities.
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