Shenghua Lande Scitech Limited announced the acquisition of approximately 51.00% of its shareholding by Zhejiang Shenghua and Xinyun Zhilian. The transaction involves a possible unconditional mandatory cash offer by Fortune Securities on behalf of Chemcloud (HK) for all H shares and a similar offer by Xinyun Zhilian for all domestic shares. The announcement also includes the resumption of trading in H shares. The directors have disclosed that, as of the announcement date, specific shares and agreements have been identified, but neither the offerors nor their associates hold any convertible securities, warrants, or options in respect of Shenghua Lande shares.
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