Summary by Moomoo AI
HENGYU GROUP HOLDINGS LIMITED (THE “HANG YU GROUP”) ANNOUNCES THAT THE CIRCULAR ORIGINALLY SENT TO SHAREHOLDERS ON OR BEFORE 22 MARCH 2024 WILL BE DELAYED UNTIL 11 APRIL. The Circular contains further details on the Company's proposed increase in statutory capital, share consolidation and non-outsourced base offerings. Due to the additional time required to organize the contents of the circular, the expected schedule of the relevant transaction arrangements will also be adjusted accordingly. The Extraordinary General Meeting is scheduled to be held on 3 May 2024 at which time a vote will be held on the above matters. If the share consolidation and tender conditions are met, the relevant provisions will take effect on the same day and the trading and sale of the consolidated shares will commence on May 7. The tender offer is expected to be sent on May 20, and the results of the offering will be announced on June 26. The Chairman of the Company, Xie Zhenyu, signed the notice on 25 March 2024.