Grandblue Environment completes key condition for Yuefeng privatization

Grandblue Environment (SSE:600323) announced that all precedent conditions for the privatization of Yuefeng Environment, a Hong Kong-listed company, have been met. The privatization, pursued through its subsidiary Grandblue (Hong Kong) Environment Investment, involves a scheme of arrangement to delist Yuefeng Environment from the Hong Kong Stock Exchange, making it a wholly-owned subsidiary. Key conditions included securing internal approvals, completing capital injections of RMB 4.6 billion into Grandblue (Foshan), and resolving guarantee matters. With these conditions now satisfied, Grandblue Environment will continue advancing the transaction while adhering to relevant regulations and disclosure requirements. The company urges investors to exercise caution.