COASTAL GL's 36.93% equity may change hands, resuming trading on Monday

AASTOCKS
2025.10.19 11:58

COASTAL GL (01124.HK) announced that its major shareholder Coastal International and independent third party Tao Qian Limited (the offeror) plan to enter into a sale and purchase agreement by the end of October, under which Coastal International intends to sell a 36.93% equity stake along with loans, involving 153 million shares. If realized, the offeror must make a mandatory general offer as required.

The company's shares have applied to resume trading on Monday (20th)

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