Sun Art Retail Group (HK:6808) has released an update.
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Sun Art Retail Group Limited is undergoing a significant ownership change as Paragon Shine Limited enters a sale and purchase agreement to acquire approximately 78.70% of its shares for HK$10.36 billion. This transaction, involving a mandatory unconditional cash offer, could lead to the withdrawal of Sun Art’s listing. Investors may find this development noteworthy as it indicates a strategic shift in the company’s future direction.
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