Yichang HEC ChangJiang Pharmaceutical Announces Timeline for H Shares Delisting and Share Exchange Implementation
Reuters
Aug 05
Yichang HEC ChangJiang Pharmaceutical Announces Timeline for H Shares Delisting and Share Exchange Implementation
YiChang HEC ChangJiang Pharmaceutical Co., Ltd. has announced the withdrawal of listing of its H shares, as part of a merger transaction with Sunshine Lake Pharma Co., Ltd. The implementation of the share exchange is expected to follow the withdrawal. This update follows a series of previous announcements regarding the merger, including poll results of the Extraordinary General Meeting and the exercise of rights by dissenting shareholders. The merger process continues to progress, with the latest announcement providing details on the expected timeline for these changes. The joint announcement was made by the boards of both Sunshine Lake Pharma Co., Ltd. and YiChang HEC ChangJiang Pharmaceutical Co., Ltd., emphasizing their commitment to the merger process.
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