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2022-01-26 10:26
09:23 PM EST, 01/25/2022 (MT Newswires) -- Hop Hing Group Holdings' (HKG:0047) privatization became effective yesterday, Jan. 25, after the plan won court approval without modifications on Jan. 20.
As a result, the fast-food chain operator's shares will be delisted from the Hong Kong bourse tomorrow, Jan. 27.
Hop Hing, which operates the Dairy Queen and Yoshinoya branches in northern China, was taken private by a consortium led by CEO Marvin Hung for HK$229.1 million ($30 million), according to a late Tuesday disclosure.
Price (HKD): $0.08, Change: $0.00, Percent Change: -1.25%