Market Insight | FANHAI Group proposes restructuring, FANHAI Hotel surges 37.5% intraday
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ASIA STD HOTEL's stock price surged by 37.5% in the market volatility, reaching HKD 0.10, with a turnover of HKD 1.4493 million. According to the announcement, ASIA STD HOTEL Group, ASIA STD HOTEL, and Huihan Holdings jointly proposed a group restructuring plan, with planned shares to be cancelled, and planned shareholders to receive new shares of ASIA STD INTERNATIONAL and cash payments. After the restructuring, ASIA STD HOTEL will become a non-listed subsidiary of ASIA STD INTERNATIONAL
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