Summary by Moomoo AI
GILLY AUTOMOBILE HOLDINGS LIMITED ANNOUNCED THAT ITS FLAGSHIP BRAND HAS FILED AN UPDATED REGISTRATION STATEMENT WITH THE U.S. SECURITIES EXCHANGE ON MARCH 20, 2024 (NEW YORK TIME) IN PREPARATION FOR ITS INDEPENDENT LISTING. The registration statement contains audited financial information for the year ended 31 December 2023 and is prepared in accordance with US accepted accounting principles. At this time, the proposed demerger and divestiture are still subject to the approval of the relevant bodies and the final decision of the Company and the Company. GILLY REMINDS SHAREHOLDERS AND POTENTIAL INVESTORS THAT THE COMPLETION OF THE SPLIT OR SALE IS NOT GUARANTEED AND ADVISES INVESTORS TO EXERCISE CAUTION. THE COMPANY SECRETARY CHUNG CHUNG YAN MADE THIS ANNOUNCEMENT ON 21 MARCH 2024.