Kin Yat Holdings Limited (HK:0638) has released an update.
Kin Yat Holdings Limited is advancing towards privatisation, orchestrated by Resplendent Global Limited through a scheme of arrangement, with a crucial court hearing scheduled for 20 June 2024. Shareholders are warned that the implementation of the privatisation proposal remains conditional and advised to exercise caution when dealing with company securities. The company assures further updates will follow in accordance with regulatory guidelines as the process unfolds.
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