China Ruifeng Advances in Strategic Transactions

China Ruifeng Renewable Energy Holdings Ltd. (HK:0527) has released an update.

China Ruifeng Renewable Energy Holdings Ltd. is in the process of finalizing a series of proposed transactions, including new share subscriptions, convertible bond subscriptions, and a possible acquisition of a 50% equity interest in a target company. Despite none of the conditions precedent being fulfilled yet, the company remains in negotiations and is working towards obtaining necessary approvals and consents, with further updates to be announced as they progress. This includes extending the circular’s dispatch deadline as they aim to execute the Formal Equity Transfer Agreement.

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