Summary by Moomoo AI
Centralized Vehicles (Group) Co., Ltd. (“Centralized Vehicles”) issued a notice on 11 March 2024 announcing a conditional cash offer from UBS on behalf of UBS to repurchase all issued H Shares (except the holders of the Central Group and its Consistent Movers) at a price of HK$7.5 per H share and to propose H shares were voluntarily withdrawn from the Hong Kong Stock Exchange Limited. The memorandum of understanding was sent to shareholders on 27 March 2024 and includes the terms, conditions and expected timetable for the repurchase of H shares and the voluntary sell-off. THE INDEPENDENT FINANCIAL ADVISOR ALSO PROVIDES ADVICE TO INDEPENDENT H SHAREHOLDERS ON THIS MATTER. Shareholders are required to accept the offer to repurchase H shares by 4 p.m...Show More