Monthly update announcement pursuant to rule 3.7 of the takeovers code

Summary by 6ix AI

New City Development Group Limited has issued a monthly update announcement in accordance with the Takeovers Code, detailing the ongoing search for a potential purchaser for charged shares of the company. The announcement notes that the Receivers are still in discussions with interested parties but have not yet finalized any agreements. Shareholders are cautioned that there is no guarantee that the current situation will lead to a change of control or a mandatory general offer. Further updates will be provided as necessary in compliance with the relevant regulations.

Written by 6ix AI from the company’s filing. How 6ix writes summaries