HANG CHI HLDG(08405): Privatization plan approved by the High Court

HANG CHI HLDG (08405) announced that the privatization plan has been approved by the Grand Court in a court hearing scheduled for February 24, 2025 (Cayman Islands time). Subject to the remaining conditions being fulfilled or waived by February 28, 2025 (Friday) (Cayman Islands time), the plan is expected to take effect on or before February 28, 2025 (Friday) (Cayman Islands time). The company has applied to and received approval from the Stock Exchange for the withdrawal of its shares' listing on the Stock Exchange in accordance with Rule 9.23(2) of the GEM Listing Rules, effective from March 4, 2025 (Tuesday) at 4pm, depending on the effectiveness of the plan.