CA Cultural Technology Group Ltd. Extends Long Stop Date Amid Ongoing Restructuring Efforts
Reuters
Sep 01
CA Cultural Technology Group Ltd. Extends Long Stop Date Amid Ongoing Restructuring Efforts
CA Cultural Technology Group Ltd. and Kyosei-Bank Co., Ltd. have announced the extension of the Long Stop Date for their Subscription Agreements to 31 December 2025. This extension aims to accommodate the ongoing Proposed Restructuring, which remains conditional on obtaining listing approvals for the Subscription Shares, CB Conversion Shares, and/or Scheme Shares from the Stock Exchange. The company is actively working to comply with Resumption Guidance, which includes forming an independent committee and finalizing a Circular and the application for a Whitewash Waiver and Special Deals. Shareholders and potential investors are advised to exercise caution, as the outcome and completion of the Proposed Restructuring remain uncertain.
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