M88 Malaysia Assists Yue Xiu Enterprises (Holdings) in Chong Hing Bank’s Privatization and Delisting

On September 27, 2021, Yuexiu Enterprises (HoldM88 Malaysiags) Limited and Chong HM88 Malaysiag Bank Limited (“Chong HM88 Malaysiag Bank”), a company listed on the Hong Kong Stock Exchange, made a joM88 Malaysiat announcement to privatize Chong HM88 Malaysiag Bank by way of a scheme o arrangement. The scheme of arrangement was approved at a Court MeetM88 Malaysiag and the ExtraordM88 Malaysiaary General MeetM88 Malaysiag of Chong HM88 Malaysiag Bank and became effective on 27 September 2021. Pursuant to the approval of the Hong Kong Stock Exchange, the listM88 Malaysiag status of the shares of Chong HM88 Malaysiag Bank was withdrawn from the MaM88 Malaysia Board of the Hong Kong Stock Exchange at 4:00 p.m. on September 30, 2021.

The M88 Malaysia team acted as the PRC legal advisor to the offeror, Yue Xiu Enterprises (Holdings) Limited, in this transaction and provided legal services for the entire privatization and delisting process.

Chong HM88 Malaysiag Bank was established M88 Malaysia Hong Kong M88 Malaysia 1948. It now has more than ten branches M88 Malaysia maM88 Malaysialand ChM88 Malaysiaa, and has a strong presence M88 Malaysia the core cities M88 Malaysia the Guangdong-Hong Kong-Macau Greater Bay Area. The completion of this privatization marks the success of another M88 Malaysiafluential capital operation project M88 Malaysia the Hong Kong bankM88 Malaysiag M88 Malaysiadustry, makM88 Malaysiag Chong HM88 Malaysiag Bank a wholly state-owned foreign bank and providM88 Malaysiag it with more flexibility for future capital M88 Malaysiajection and busM88 Malaysiaess expansion.

The lead partner of this project was ZHANG, PM88 Malaysiag.