Canvest (1381 HK): SAFE In The Bag, But Oddly, Still Not Free From Pre-Cons

Feb 20, 2025

∙ Paid

After Canvest Environmental Protection Group (1381 HK) announced on the 23rd Jan it had secured Mofcom approval, after securing NDRC earlier that month, that left SAFE. Or so I thought.
SAFE has now been secured, yet two pre-cons concerning certain (internal) guarantees remain outstanding. It's rare to see SAFE sign off with other pre-cons still hanging.
The consolation here is that KM Lai (ED, DC) and Loretta Lee (ED, CL) are on the hook for a chunk of change if they cause the proposal to lapse.

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