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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.