Coastal Greenland Halts Takeover Talks During Results Blackout
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Coastal Greenland Limited has paused takeover negotiations during a blackout period related to its annual results, which will end in late June. The potential sale of 153,126,197 shares and a related loan could trigger a cash offer to shareholders, but no formal agreement has been signed. The board cautions that there is no guarantee the deal will proceed and will continue to provide updates under the Takeovers Code. Coastal Greenland operates in the property development sector in mainland China and is listed in Hong Kong.
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