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Lifestyle China Group’s Privatization Bid Fails

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Lifestyle China Group’s Privatization Bid Fails

Lifestyle China Group ( (HK:2136) ) just unveiled an update.

Lifestyle China Group announced that the proposal for privatization by Fortune Spirit Group Limited was not approved at the Court Meeting. Consequently, the amended proposal has lapsed, and the company’s shares will not be withdrawn from the Stock Exchange. The resolutions passed at the General Meeting will not take effect, impacting the company’s immediate operational and strategic plans.

More about Lifestyle China Group

YTD Price Performance: -20.39%

Average Trading Volume: 4,340,131

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$1.19B

For detailed information about 2136 stock, go to TipRanks’ Stock Analysis page.

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