Summary by Moomoo AI
BYD ELECTRONICS (INTERNATIONAL) LIMITED (THE “COMPANY”) ANNOUNCED ON 29 DECEMBER 2023 THAT IT HAS RECEIVED THE APPROVAL OF THE FURTHER SUBMISSION OF THE OFFICIAL ACQUISITION BY THE UNITED EXCHANGE OF HONG KONG LIMITED (THE “EXCHANGE”) DUE TO THE NEED FOR MORE TIME TO PREPARE AND EVALUATE THE TARGET GROUP'S FINANCIAL INFORMATION AND THE ENLARGED GROUP. Circulars to 31 January 2024. This acquisition is a major transaction by the Company and was originally scheduled to send the circular to shareholders on or before October 19, 2023, but the Company was granted an initial extension on October 9, 2023, to December 31, 2023. The Exchange granted a second exemption on 28 December 2023 to allow the Company to postpone the date of sending the circular. The Company first announced the acquisition on 27 September 2023.