APRIL to fully acquire, delist Vinda by August

SHANGHAI, April 3, 2024-

Isola Castle, an indirectly wholly-owned subsidiary of Asia Pacific Resources International (APRIL), plans to fully take over Vinda International Holdings and delist the tissue maker from the Hong Kong Stock Exchange by August.

The buyer had acquired a total of 90.98% shares in Vinda through a public offer by April 2, in addition to a 7.69% stake that Belinda Tanoto established in Vinda via Beaumont Capital Fund in 2023.

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