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合兴股东批准3000万美元私有化交易，股价跃升5%
2021-12-15 13:49
12:35 AM EST, 12/15/2021 (MT Newswires) -- Hop Hing Group Holdings' (HKG:0047) privatization is one step closer to completion after shareholders voted in favor of the deal Tuesday.
The HK$229.1 million ($30 million) transaction will be heard in court on Jan. 20, 2022. Once the court clears the go-private deal, it is expected to take effect on Jan. 25.
The fast-food chain operator's shares will then be delisted from the Hong Kong bourse on Jan. 27, according to a late Tuesday disclosure.
Hop Hing, which operates the Dairy Queen and Yoshinoya branches in northern China, is being taken private by a consortium led by Chief Executive Officer Marvin Hung.
The stock rose over 5% in Wednesday's afternoon trade.
Price (HKD): $0.08, Change: $0.00, Percent Change: +5.26%
