Grandblue gains key approvals, nears completion of Yuen Tung acquisition

** Grandblue Environment (SSE:600323) has announced it has cleared all precedent conditions for the acquisition of Hong Kong-listed Yuen Tung, bringing the significant asset restructuring closer to completion. The transaction, structured as a scheme of arrangement through Grandblue's Hong Kong subsidiary, has received approval from anti-trust authorities, marking a crucial step toward expanding Grandblue's waste treatment operations. Key steps of this transaction include: shareholders of Yuen Tung approving amending certain conditions around the exchangeable bond of Yuen Tung Development; and Shanghai Industrial not holding over certain bonds.