Wanda Hotel Development Co. Ltd. Announces Waiver Approval for Share Capital Sale and Special Dividend Plans
Wanda Hotel Development Company Limited announced updates regarding the sale of the entire issued share capital of Wanda Hotel Management (Hong Kong) Co. Limited. This transaction, referred to as the "Disposal," also includes the potential declaration of a dividend. The company has applied for a waiver to redact certain information from the Sale and Purchase Agreement $(SPA.UK)$, including the names of two debtors and a list of trademarks used by the Target Group. According to the company, redacting this information is in the best interest of both the company and its shareholders, as it is deemed to be of minor importance and does not materially affect the assessment of the transaction's merits.
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