APRIL subsidiary moves ahead with Vinda takeover

SHANGHAI, March 28, 2024-

Isola Castle, an indirectly wholly-owned subsidiary of Asia Pacific Resources International Ltd (APRIL), is moving ahead with its takeover of tissue producer Vinda International Holdings after gaining acceptance for more than 90% of shares in the Hong Kong-listed company in its public offer.

APRIL's parent company Royal Golden Eagle (RGE) said on Friday March 22 that acceptances had been received for 90.40% of Vinda shares, allowing its compulsory acquisition of the remaining shares.

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