Riverine China has announced the appointment of two licensed corporations as its joint independent financial advisors.

The company, RIVERINE CHINA (01417), stated that Daoqin Capital Limited and Bailiqin Financial Limited have been appointed to serve in this capacity.

Both firms are licensed under the Securities and Futures Ordinance (Chapter 571 of Hong Kong law) to carry out Type 6 regulated activities, which involve advising on corporate finance.

Their role will be to provide advice to the Independent Board Committee regarding the terms of an offer and whether it should be accepted.

This appointment has received approval from the Independent Board Committee in accordance with Rule 2.1 of the Takeovers Code.