Shanghai Conant Optical’s Strategic Share Acquisition Plan

Shanghai Conant Optical Co. Ltd. Class H (HK:2276) has released an update.

Shanghai Conant Optical Co., Ltd. has announced a proposed acquisition of up to 42.8 million existing shares by Goertek (Hong Kong) Co., Limited, which could lead to Goertek holding a total of 96.125 million shares. Additionally, a conditional deed of mutual undertaking has been signed, ensuring that Goertek will retain these shares for three years and will have influence over board appointments if holding significant shares. The completion of these agreements is still pending, urging shareholders to approach with caution.

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