Summary by Moomoo AI
BAO GUANG INDUSTRIES (INTERNATIONAL) LIMITED (“BAO GUANG BUSINESS”) ANNOUNCED ON 23 JANUARY 2024 THAT THE CIRCULAR ORIGINALLY SENT TO SHAREHOLDERS ON OR BEFORE 23 JANUARY 2024 WILL BE DELAYED. The very significant sale involves the sale of shares and inventory and constitutes a significant sale of the company under Chapter 14 of the Listing Rules. The Circular contains further information on the Share Sale Agreement, the Inventory Sale Agreement, and the independent valuer's analytical and valuation reports, designed to inform shareholders about the relevant transaction. Due to the need for more time to prepare the information to be disclosed in the Circular, the expected date of dispatch of the Circular will be postponed to or after February 2, 2024. The Board of Directors of Baogang Enterprises includes Chumphol Kanjanapas (Chairman and Chief Executive Officer) and Liao Jingwei (Chief Financial Officer), Non-Executive Director Suriyan Kanjanapas, as well as Independent Non-Executive Directors Ho Chi, Kai Lai Ming and Zhang Kaling.