Goldlion Holdings (HK:0533) has released an update.
Goldlion Holdings Limited is set to undergo privatization through a scheme of arrangement proposed by Grand Sunny Limited, which includes the cancellation of existing shares and issuance of new shares exclusively to the Offeror. The shareholders will receive a cash payment of HK$1.5232 per share, and the company’s shares will be delisted from the Hong Kong Stock Exchange upon the scheme’s approval and implementation.
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