On the evening of February 25, Conch Venture announced that Anhui Conch Group intends to acquire additional shares of the company. Upon completion of the acquisition, Conch Group will directly and indirectly hold approximately 21% of the issued share capital of the Company, and the total voting rights with persons acting in concert will not exceed 30%. It intends to restructure the composition of the board of directors of the Company, and Conch Venture will become its subsidiary.
On the evening of February
25, Conch Venture announced that Anhui Conch Group intends to acquire additional shares of the company. Upon completion of the acquisition, Conch Group will directly and indirectly hold approximately 21% of the issued share capital of the Company, and the total voting rights with persons acting in concert will not exceed 30%. It intends to restructure the composition of the board of directors of the Company, and Conch Venture will become its subsidiary.