THELLOY DEV Appoints Xinda International and Rainbow Capital as Joint Independent Financial Advisors

Stock News

Feb 06

THELLOY DEV (01546) announced that Xinda International Financing Limited and Rainbow Capital Holdings Limited have been appointed as joint independent financial advisors. Both firms are licensed corporations authorized to conduct Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities under the Securities and Futures Ordinance. Their appointment is to advise the independent board committee on the offer, particularly regarding its fairness and reasonableness and whether it should be accepted. The appointment of the joint independent financial advisors has been approved by the independent board committee in accordance with Rule 2.1 of the Takeovers Code.

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