SOUNDWILL HOLD: Privatization plan fails

Zhitong
2025.05.23 10:54
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According to the Zhitong Finance APP, SOUNDWILL HOLD announced that due to the privatization plan not being approved by the planned shareholders at the court meeting, (i) the proposal has become invalid and will not be implemented; (ii) the plan will not be binding or effective; (iii) the listing status of the shares on the Stock Exchange will not be revoked; and (iv) the company will not suspend the handling of share transfer registration procedures starting from May 30, 2025 (Friday) to determine the rights under the plan and the entitlement to special dividends

According to the Zhitong Finance APP, SOUNDWILL HOLD (00878) announced that due to the privatization plan not being approved by the planned shareholders at the court meeting, (i) the proposal has become invalid and will not be implemented; (ii) the plan will not be binding or effective; (iii) the listing status of the shares on the Stock Exchange will not be revoked; and (iv) the company will not suspend the handling of share transfer registration procedures from May 30, 2025 (Friday) to determine the rights under the plan and the entitlement to special dividends

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