Summary by Moomoo AI
On 3 March 2024, Hang Tai Motor issued a notice to update shareholders and potential investors on the company and the acquirer's investigation of the proposed transaction. Since the announcement of the monthly update on February 2, 2024, the two parties are still actively exploring whether to enter into a transaction and may renegotiate the main terms of the transaction. Evergrande undertakes to comply with the Acquisition Code and Listing Rules and to make further announcements in due course. The proposed transaction referred to in the announcement includes the conversion of the relevant loans into new shares and involves a connected transaction with China's Hang Da Group, Mr. Xu and Mr. Xinxin. The Board of Directors is responsible for the accuracy of the announcement. After reasonable enquiries by the manager, the contents of the announcement are free of omissions and are free from misleading statements.