Canvest Environmental Protection Group Announces New Privatization Proposal by Grandblue Investment

Reuters

May 21

Canvest Environmental Protection Group Announces New Privatization Proposal by Grandblue Investment

Canvest Environmental Protection Group Co. Ltd. and Grandblue Investment Hongkong Limited have jointly announced a proposal for the privatization of Canvest by way of a scheme of arrangement. The transaction includes an option offer and involves connected transactions related to land disposal, smart parking disposal, and office building disposal. Additionally, there are special deals concerning rollover arrangements and amendments to the terms and conditions of exchangeable bonds. The proposal also includes the anticipated withdrawal of Canvest's listing from the stock exchange, pending the scheme's sanction by the Grand Court. The expected effective date for these changes is yet to be finalized.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canvest Environmental Protection Group Co. Ltd. published the original content used to generate this news brief on May 21, 2025, and is solely responsible for the information contained therein.

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.

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