Wazhou B: Plans to apply to the Shenzhen Stock Exchange for voluntary delisting of its shares.
Wazhou B announced that the mandatory general offer initiated by its controlling shareholder, Wazhou Group, for the purpose of terminating the company's listing status has been completed. The offer period expired on February 27, 2026, with 54.5246 million shares pre-accepted. After the acquisition, Wazhou Group holds 74.15% of the shares, while public shareholders hold 6.15%, which is below the 10% required by the listing rules, meaning the company no longer meets the conditions for continued listing. The company plans to apply to the Shenzhen Stock Exchange for delisting of its shares. After delisting, it will apply to list its shares on the delisting board of the National Equities Exchange and Quotations. Wazhou Group will acquire the remaining shares at the offer price of HKD 2.86 per share. This delisting is still subject to approval by the Shenzhen Stock Exchange.
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