Grandblue Environment's major asset restructuring progresses

Grandblue Environment (SSE:600323) has announced significant progress in its major asset restructuring, with all precedent conditions now met for the privatization of Yue Feng Environmental Power. The restructuring involves Grandblue's subsidiary, Grandblue (Hong Kong) Environment Investment, privatizing Yue Feng Environmental Power through a scheme of arrangement, leading to its delisting from the Hong Kong Stock Exchange. The Grand Court of the Cayman Islands approved the scheme on May 30, 2025, and Grandblue's board confirmed the fulfillment of transaction terms. Trading of Yue Feng Environmental Power's shares on the Hong Kong Stock Exchange ceased on June 2, 2025, with payment of the cancellation consideration expected on or before June 10, 2025.