Huarui has finalized its compulsory acquisition of all remaining minority shares in CPMC Holdings (HKG:0906) after no objections were filed by the April 14 deadline, according to its Hong Kong bourse filing on Tuesday.
The acquisition will be completed on April 17, transferring ownership of all outstanding shares to Huarui, which now holds 100% of the company.
Trading of CPMC shares has been suspended since Feb. 6, and the stock will be delisted from the Hong Kong Stock Exchange on April 22.
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