Greentech Technology International (HKG:0195) said Mangkon Road, the entity seeking to acquire a 15% stake in the company for HK$28.7 million, has extended the deadline for regulatory approval to Feb. 28.
The primary hurdle remaining is securing approval from the executive director of the corporate finance division of Hong Kong's Securities and Futures Commission.
As previously disclosed on Jan. 14, Mangkon Road, an investment holding company, expressed its intention to make a partial offer for up to 204.9 million shares of Greentech Technology International at a price of HK$0.14 per share.
Price (HKD): $0.28, Change: $-0.16, Percent Change: -35.63%
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