Shandong Fengxiang Co., Ltd. has announced the proposed pre-conditional privatization of the company by Jingyu Enterprise Development (Shandong) Co., Ltd. through a merger by absorption. The announcement also includes plans for the withdrawal of the company's listing and a special deal related to a rollover arrangement. The company has confirmed that all pre-conditions for the transaction have been satisfied. The announcement was made by Shi Lei, the Executive Director and Company Secretary of Shandong Fengxiang Co., Ltd.
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