China Tontine Wines Group (HK:0389) has released an update.
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China Tontine Wines Group Limited has issued a Response Document to its shareholders regarding the Voluntary Conditional Cash Partial Offer by Gaoyu Securities Limited on behalf of Mr. Wang He, advising them to carefully review the document before deciding on the offer to acquire over 30 million shares. The document includes recommendations from the Independent Board Committee and advice from the Independent Financial Adviser. Shareholders are urged to consider the recommendations and advice, alongside detailed financial information, before taking action.
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