Kin Yat Holdings Limited (HK:0638) has released an update.
Kin Yat Holdings Limited has announced the despatch of the Scheme Document detailing its proposed privatization by Resplendent Global Limited, alongside its potential delisting. Shareholders will receive the document, which includes the privatization proposal, financial details, and a meeting schedule, on June 28, 2024. An Independent Board Committee has been formed to advise shareholders on the fairness and reasonableness of the proposed arrangements.
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