Shanshan Brand Management Co. Ltd.: Offers for H Shares and Domestic Shares Lapse After First Closing Date
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Shanshan Brand Management Co. Ltd. announced that the cash offers made by Mr. Luo Yefei for all H shares and domestic shares have lapsed after the first closing date. The offers were made through SDICS International Securities (Hong Kong) Limited for shares not already owned or agreed to be acquired by Mr. Luo and his associates. The company confirmed the acceptance level of the offers in a recent joint announcement.
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