Bosar Development (01069.HK) said a potential investor expressed his strong intention to act as the White Knight and has provided some temporary capital to maintain its operations, and is currently negotiating and discussing with the potential White Knight in order to reach a comprehensive restructuring plan that may eventually be resolved Resolve corporate debt issues. There is no final restructuring plan or finalized.
The Company is also working closely with the auditors to provide them with all necessary data and documentation to complete the audit process as soon as possible.
Trading in the Shares has been suspended from 4 October 2021 and will continue to be suspended until the Company's 2021 Annual Results Announcement is published under the Listing Rules.