Bingshi International (01705.HK) appoints Quam Capital as independent financial adviser

Zhitong Finance APP News, Bingshi International (01705.HK) announced that an independent board committee comprising all independent non-executive directors (namely Mr. Peng Guangui, Mr. Shi Hongren and Mr. Zhong Guowu) has been established to provide advice to the offer shareholders on whether the offer is fair and reasonable and whether to accept the offer. In addition, pursuant to Rule 2.1 of the Takeovers Code, Quam Capital Limited, which is licensed under the Securities and Futures Ordinance to carry out Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities, has been appointed as the independent financial adviser to provide advice to the independent board committee on the above matters. The appointment of Quam Capital as the independent financial adviser has been approved by the independent board committee in accordance with Rule 2.1 of the Takeovers Code.