Summary by Moomoo AI
Sai Sai Pharmaceutical Holdings Limited (“Sai Sai Pharma”) and Silver Pegasus Investment Limited (the “Contracting Party”) issued a joint announcement on 18 April 2024 announcing that the Contractors propose to privatize Caisang Pharmaceuticals under a contractual arrangement under Section 86 of the Companies Act and withdraw its listed status. The original plan document should be published on or before 18 April 2024, but due to the need to comply with the High Court timetable and implementation plan documents, the executors have agreed to extend the period until 31 May 2024. The Plan will only take effect after approval by the Court of Session. Shareholders and potential investors should exercise caution as the implementation of the Proposals, Plans and Share Option Agreements is conditional upon or waived. The members of the Board are responsible for the accuracy of the contents of the Announcement and to ensure that the opinions expressed after careful consideration are not omissions sufficient to mislead any statements in the Announcement.