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 pre-conditional proposal for the privatisation of Canvest via a scheme of arrangement. The announcement also details a corporate governance agreement post-privatisation concerning director and employee appointments. Moreover, the company has also proposed the withdrawal of its listing, alongside connected transactions related to asset disposals.
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