Summary by Futu AI
Champion Holding (BVI) Co., Ltd. (the "Offeror") updated its voluntary general cash offer for COFCO Packaging Holdings Limited ("COFCO Packaging") on June 14th, 2024. The Offeror stated that it has obtained approvals for all other preconditions, including the State-owned Assets Supervision and Administration Commission, Ministry of Commerce, National Development and Reform Commission, State Administration of Foreign Exchange, German Federal Cartel Office and Vietnamese Competition Commission, except for the Anti-Monopoly Bureau of the State Administration for Market Regulation's approval. The Offeror will continue to strive to meet the final preconditions and update the latest status and the time for sending the offer documents in a timely manner. Shareholders and potential investors of COFCO Packaging are reminded that the offer is not guaranteed and should be cautious.