Vesync privatisation scheme document expected by end of March

Vesync Co., Ltd (HKEX: 2148) and Victory III Co., Ltd have issued an update regarding the proposed privatization of Vesync through a scheme of arrangement under Section 86 of the Companies Act, which will also include a withdrawal of listing and a special deal relating to the investor arrangement. The companies are finalizing the scheme document, which is expected to be despatched to shareholders around March 31, 2025. The document will include a detailed indicative timetable for the proposal. Shareholders are cautioned that the implementation of the proposal is subject to the fulfillment or waiver of conditions, including the approval of the Investor Arrangement as a special deal. Further announcements will be made in accordance with listing rules and the Takeovers Code.