Wisdom Wealth Resources Investment Holding Group Limited (HK:0007) has released an update.
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Wisdom Wealth Resources Investment’s voluntary conditional cash partial offer by Wang Yongkui for 158 million shares has lapsed due to not meeting the acceptance condition by the first closing date. Despite extending the deadline, the offer received a mere 2.056% acceptance, significantly below the required minimum, resulting in the offer’s termination. The failed bid now restricts the offeror from making new offers or acquiring significant voting rights for the next 12 months.
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