China Beidahuang Industry Group (HKG:0039) agreed with China Dynamic (Hong Kong) to further extend the long stop date for the completion of the subscription of 850,000,000 of the company's shares by China Dynamic.
The parties have agreed to move the long stop date to Oct. 31 from Sept. 30, a Monday filing with the Hong Kong Exchange said.
China Dynamic in January had agreed to subscribe for the said shares for HK$85.0 million at HK$0.10 per share with the long stop date set at May 31 under a restructuring plan. The date was extended thrice before today.
The wine, liquor, and food products company's shares were up over 1% on Monday's close.
Price (HKD): $0.07, Change: $+0.0010, Percent Change: +1.39%
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