Shandong Fengxiang to privatize, delist H shares in merger deal

Shandong Fengxiang Co., Ltd. (HKEX: 9977) announced a proposed pre-conditional privatization by Jingyu Enterprise Development (Shandong) Co., Ltd., which will involve a merger by absorption and subsequent delisting of its H shares. H shareholders will receive HKD2.0 per H share. Falcon Holding, the parent company of the offeror, and Platinum Peony, an entity acting in concert, will have their holdings satisfied through newly issued registered capital of the offeror.