Brief: Mayer Says Major Transaction In Relation To Unauthorized Disposal Of Equity Interests In Unit

Huiyuan Cowins Technology

15/01/2024 13:41

Jan 15 (Reuters) - Mayer Holdings Ltd  1116.HK :
    * MAJOR TRANSACTION IN RELATION TO AN UNAUTHORIZED DISPOSAL
OF
EQUITY INTERESTS IN A SUBSIDIARY
    * ON 6 DEC SOUGHT LEGAL ADVICE FROM LEGAL ADVISER OF COMPANY
IN
HONG KONG REGARDING DISPOSAL ON 29 NOV
    * CONSIDERS DISPOSAL TO BE INEFFECTIVE AS IT WAS NOT
PROPERLY
AUTHORIZED OR APPROVED BY BOARD
    * TRADING IN SHARES WILL REMAIN SUSPENDED UNTIL FURTHER
NOTICE

Further company coverage:  1116.HK 

 ((Reuters.Briefs@thomsonreuters.com;))