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An announcement from CSI Properties ( (HK:0497) ) is now available.
CSI Properties Limited has announced that the Securities and Futures Commission (SFC) has granted a waiver concerning the Strategic Funding & Partnership Proposal. This waiver allows Newco, a company acquiring over 30% of CSI’s voting rights, to proceed without making a mandatory general offer for all issued shares, which could significantly impact the company’s strategic financial positioning. However, the transactions remain subject to other conditions and shareholder approval, and stakeholders are advised to exercise caution in dealing with the company’s securities.
More about CSI Properties
CSI Properties Limited is a company incorporated in Bermuda with a focus on property development and investment. The company operates primarily within the real estate industry and is listed on the Hong Kong Stock Exchange under the stock code 497.
Average Trading Volume: 0
For a thorough assessment of 0497 stock, go to TipRanks’ Stock Analysis page.
