Shandong Fengxiang Co., Ltd. has announced an update regarding its proposed merger with Jingyu Enterprise Development (Shandong) Co., Ltd. The transaction involves the privatisation of Shandong Fengxiang through a merger by absorption. As part of this process, there will be a withdrawal of the company's H Shares from listing. The company's board, including executive director and company secretary Shi Lei, has communicated that the merger is contingent upon certain conditions being met or waived. The outcome of these conditions will determine the effectiveness and completion of the merger agreement.
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