Genes Tech Group Holdings (8257) and Watlow Electric Manufacturing Reach Effective Date for Privatisation Scheme

Bulletin Express

Mar 01

Genes Tech Group Holdings Company Limited (8257) and Watlow Electric Manufacturing Company announced that all conditions for the scheme of arrangement under section 86 of the Companies Act have been fulfilled. According to the document, the Grand Court of the Cayman Islands sanctioned the scheme on 20 February 2026 (Cayman Islands time), and a copy of the sanction order was delivered to the Registrar of Companies in the Cayman Islands on 27 February 2026.

As a result, the scheme became effective on 27 February 2026 (Cayman Islands time). The withdrawal of the listing of Genes Tech Group Holdings Company Limited’s shares from GEM of the Stock Exchange will take effect at 4:00 p.m. on 3 March 2026 (Hong Kong time). Cheques for payment of the cancellation price under the scheme will be dispatched by ordinary post no later than 10 March 2026 (within seven business days of the effective date).

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According to the document, the Grand Court of the Cayman Islands sanctioned the scheme on 20 February 2026 (Cayman Islands time), and a copy of the sanction order was delivered to the Registrar of Companies in the Cayman Islands on 27 February 2026.</p>\n<p>As a result, the scheme became effective on 27 February 2026 (Cayman Islands time). The withdrawal of the listing of Genes Tech Group Holdings Company Limited’s shares from GEM of the Stock Exchange will take effect at 4:00 p.m. on 3 March 2026 (Hong Kong time). Cheques for payment of the cancellation price under the scheme will be dispatched by ordinary post no later than 10 March 2026 (within seven business days of the effective date).</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"08257","symbol_name":"靖洋集团","start_time":0,"source_url":"","article_id":"1148997913","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148997913","pubTimestamp":1772360645,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Genes Tech Group Holdings Company Limited (8257) and Watlow Electric Manufacturing Company announced that all conditions for the scheme of arrangement under section 86 of the Companies Act have been...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"08257":"靖洋集团"},"translate_title":"Genes Tech Group Holdings(8257)和Watlow Electric Manufacturing达到私有化计划生效日期","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"08257":1},"content_text":"Genes Tech Group Holdings Company Limited (8257) and Watlow Electric Manufacturing Company announced that all conditions for the scheme of arrangement under section 86 of the Companies Act have been fulfilled. 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