Midea Real Estate Holding Limited (HK:3990) has released an update.
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Midea Real Estate Holding Limited has announced a plan to reorganize its property development and sales business, offering shareholders the choice between receiving shares in a newly formed entity (PrivateCo) or a cash alternative. This move is designed to enable shareholders to realize their investments and reduce exposure to risks associated with the company’s property development and sales business while allowing Midea Real Estate to focus on its retained businesses. The cash option offers a 57.33% premium over the most recent closing share price, presenting an attractive proposition for shareholders electing this option.
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