Summary by Moomoo AI
Kongyu Yue Co., Ltd. (the “Contracting Party”) plans to privatize China China Pharmaceutical Holdings Limited (the “Company”) by means of a plan arrangement under section 673 of the Companies Ordinance. On 11 April 2024, the Company updated monthly progress on the proposed privatisation and withdrawal of listed status. The Contracting Party is preparing relevant documents and contacting the relevant authorities in order to meet the prerequisites for privatization and plans to submit the necessary notices, filings or applications to the relevant authorities as soon as possible. The Company will further announce the fulfillment of prerequisites and dispatch of plan documents in accordance with the Acquisition Code. Shareholders and potential investors should be aware that privatisation proposals are subject to pre-conditions and conditions being met or waived and should be exercised with caution.