Shandong Fengxiang Co., Ltd. has announced a proposed merger by absorption, which includes a pre-conditional privatization and a proposed withdrawal of its listing. The announcement, made by Jingyu Enterprise Development (Shandong) Co., Ltd., outlines that the merger is subject to certain pre-conditions and conditions as set out in a previous Rule 3.5 Announcement. The company has not assured that all these conditions will be met, and thus the merger agreement's effectiveness and completion remain uncertain. The announcement was jointly made by executive director Shi Lei and sole director Lingjie Zhu on behalf of their respective companies.
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