Changhong Jiahua updates market on regulatory hurdles to privatisation and delisting
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Changhong Jiahua Holdings Ltd. has provided an update on its proposed privatisation and delisting from the Hong Kong Stock Exchange. The process is currently delayed due to pending approvals from the Sichuan Provincial Development and Reform Commission and the Sichuan Provincial Department of Commerce, despite having obtained approval from the Mianyang City SASAC. The timeline for the privatisation remains uncertain as the offeror, Hongtu Investment, continues to work on fulfilling regulatory conditions.
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