Regal Hotels International Holdings Ltd. has announced an update regarding its Share Purchase Agreement involving the sale of the entire issued share capital of a target company by its wholly-owned subsidiary, Solarmoon International Limited. The transaction details, disclosed in a joint announcement, confirm that no general meeting will be convened by Paliburg Holdings Limited to consider or approve the transaction. Further information, including details of the Share Purchase Agreement and related transactions, will be provided to Paliburg Shareholders in a circular to be dispatched within 15 business days.
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