Changhong Jiahua Holdings Limited has announced the appointment of Somerley Capital Limited as the independent financial adviser for its proposed privatisation by Hongtu Investment Co., Limited. This move follows an earlier joint announcement regarding Hongtu Investment's proposal to take the company private through a scheme of arrangement. The Board of Changhong Jiahua Holdings Limited confirmed that Somerley Capital will provide independent advice to the company's independent board committee in connection with the transaction.
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