Canvest Environmental Protection Group Co. Ltd. and Grandblue Investment Hongkong Limited have jointly announced a proposal for the privatization of Canvest by way of a scheme of arrangement. The transaction includes an option offer and involves connected transactions related to land disposal, smart parking disposal, and office building disposal. Additionally, there are special deals concerning rollover arrangements and amendments to the terms and conditions of exchangeable bonds. The proposal also includes the anticipated withdrawal of Canvest's listing from the stock exchange, pending the scheme's sanction by the Grand Court. The expected effective date for these changes is yet to be finalized.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canvest Environmental Protection Group Co. Ltd. published the original content used to generate this news brief on May 21, 2025, and is solely responsible for the information contained therein.