Summary by Moomoo AI
On 11 March 2024, Centralized Vehicles (Group) Limited (“Centralized Vehicles”) announced that it will repurchase through UBS all issued H Shares (with the exception of the Central Group and its unifying party holders) at a price of HK$7.5 per share and proposed voluntary withdrawal of H Shares from the Hong Kong Stock Exchange Limited. IN ADDITION, THE COMPANY HAS APPOINTED NEW BAILEY AS INDEPENDENT FINANCIAL ADVISOR TO ADVISE INDEPENDENT H SHAREHOLDERS ON THE H SHARE REPURCHASE AGREEMENT AND VOLUNTARY DIVESTMENT. The agreement to repurchase H shares and the voluntary divestment will be notified after certain conditions have been met, including approval by the General Meeting. The Company plans to continue to operate its existing business after the H-share market and maintain...Show More