Summary by Futu AI
Centralized Vehicles (Group) Co., Ltd. (“Centralized Vehicles”) announced on 30 April 2024 that its independent financial advisor, New Bailey, maintained its original views on the Company's proposed repurchase and voluntary divestiture proposal for HK$7.5 per H share. New Bailey confirms that the repurchase agreement is fair and reasonable for independent H shareholders and recommends acceptance by shareholders. IN ADDITION, NEW BAILEY BELIEVES THAT THE TERMS OF THE VOLUNTARY DIVESTMENT ARE FAIR AND IN THE OVERALL INTERESTS OF THE COMPANY AND ITS SHAREHOLDERS. The CCG reminds shareholders that if the H share repurchase agreement becomes unconditional and the shares are withdrawn from the Hong Kong Stock Exchange Limited, independent H shareholders who do not accept the offer will hold non-listed H shares, and their liquidity may be seriously affected. The company stresses that shareholders should read the offer document carefully and seek professional advice before making a decision.