Thing On Enterprise Ltd. Announces Monthly Update on Privatization Proposal and Proposed Withdrawal of Listing

Reuters

Jul 14, 2025

Thing On Enterprise Ltd. Announces Monthly Update on Privatization Proposal and Proposed Withdrawal of Listing

Thing On Enterprise Ltd. and Thing On Group Limited have issued a joint announcement providing an update on the ongoing privatization process of Thing On Enterprise Ltd. This process is being carried out by Thing On Group Limited through a scheme of arrangement under section 86 of the Companies Act of the Cayman Islands. Additionally, a proposed withdrawal of Thing On Enterprise Ltd.'s listing is also in progress. The latest development follows a previous announcement regarding a delay in the dispatch of the Scheme Document. Stakeholders are advised to consult with their financial and legal advisors due to the complexity of the situation. The directors of Thing On Group Limited, including Mr. Wong Chung Tak Richard, have affirmed their responsibility for the accuracy of the information provided in the announcement.

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. Thing On Enterprise Ltd. published the original content used to generate this news brief on July 14, 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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Announces Monthly Update on Privatization Proposal and Proposed Withdrawal of Listing","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Thing On Enterprise Ltd. Announces Monthly Update on Privatization Proposal and Proposed Withdrawal of Listing\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Thing On Enterprise Ltd. and Thing On Group Limited have issued a joint announcement providing an update on the ongoing privatization process of Thing On Enterprise Ltd. This process is being carried out by Thing On Group Limited through a scheme of arrangement under section 86 of the Companies Act of the Cayman Islands. Additionally, a proposed withdrawal of Thing On Enterprise Ltd.'s listing is also in progress. 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