RAFFLESINTERIOR(01376.HK): Shanghai Risen Capital appointed as independent financial advisor.

Wisdom Capital News, RAFFLESINTERIOR (01376.HK) announced that Ascenda Capital Limited (Ascenda Capital, a licensed corporation regulated by the Securities and Futures Ordinance to carry on Type 6 regulated activity of advising on corporate finance) has been appointed as the independent financial advisor to provide advice to the independent board committee on the offer (in particular, whether the offer is fair and reasonable and whether it should be accepted). The independent board committee has approved the appointment of Ascenda Capital as the independent financial advisor in accordance with Rule 2.1 of the Takeovers Code.