Shanghai Henlius Biotech, Inc. Class H (HK:2696) has released an update.
Shanghai Henlius Biotech, Inc. has met the pre-condition for a potential share alternative offer in its pre-conditional privatization process, following its merger by absorption plan. The company has received enough letters of interest to satisfy the share alternative threshold but retains the discretion to decide whether to proceed with the offer. Investors are cautioned that the merger agreement’s effectiveness is still subject to certain conditions and may not ultimately be realized.
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