Weiqiao Textile (2698 HK): 8th March Vote. Payment Late March

Jan 23, 2024

∙ Paid

On the 17th January, Weiqiao Textile Co (2698 HK) announced the pre-conditions - regulatory approvals from NDRC, MoC and SAFE - had been fulfilled.
The Composite Document was dispatched this morning (23 January), with an 8th March EGM, and expected payment on or before the 28 March, bang in line with my estimate.
Prudence has upped its stake to 10.47%. IF they were intending to block, they'd stop at just over 10%. Buying any more shares >10% is simply a waste of money.

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