China Hongxing: Ex-CEO Denis Wu Rongzhao Makes RMB100 Million Offer To Acquire Company's Operating Subsidiaries.

21 Sep 2017 10:00

The RMB100 million package comprises RMB28 million in cash, which is intended to be made available for distribution to minority shareholders only. After completion of Proposed Disposal, China Hongxing will become a clean listed shell available for a reverse takeover in future. Minority shareholders who continue to hold shares in the shell will benefit from a reverse takeover...

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