Core Points - The privatization of Hong Kong listed companies involves the process of delisting from the Hong Kong Stock Exchange (HKEX) through share acquisition by controlling shareholders or external investors, adhering to strict regulations under the Listing Rules and the Companies Ordinance [2][3] Group 1: Common Methods of Privatization - Privatization is primarily executed through two legal procedures: Scheme of Arrangement and Takeover Offer [2][3] Group 2: Legal and Regulatory Requirements - The principle of "Fair and Equitable Treatment" is essential, focusing on the protection of minority shareholders' rights, with scrutiny from HKEX and the courts [3] - The role of an Independent Financial Adviser (IFA) is crucial in ensuring the fairness of the proposal to independent shareholders [3] - Information disclosure obligations must be strictly followed, including key milestones in the privatization process [2][3] Group 3: Decision-Making Process and Timeline - The typical process for a Scheme of Arrangement includes preparation and announcement, shareholder circular and meeting, court approval, and delisting implementation [7] - The typical process for a Takeover Offer involves the announcement of the offer, offer period, and potential compulsory acquisition if acceptance reaches 90% [7] Group 4: Key Success Factors - High support rate expectations and reasonable acquisition pricing are critical for successful privatization [5][6] - Clear strategic rationale for privatization must be communicated to shareholders to enhance persuasion [5][6] Group 5: Special Considerations - Additional approvals may be required for H-shares, and complexities in voting rights structures must be addressed in the privatization proposal [6][7] - Legal responsibilities post-privatization include compliance with the Companies Ordinance, with potential litigation risks for minority shareholders if they perceive unfair treatment [6][7]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603366 证券简称：日出东方 公告编号：2025-028 日出东方控股股份有限公司 关于公司、控股股东及相关人员收到 江苏证监局警示函的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 日出东方控股股份有限公司（以下简称"公司"）于近日收到中国证券监督管理委员会江苏监管局（以下 简称"江苏证监局"）下发的行政监管措施决定书《江苏证监局关于对日出东方控股股份有限公司、太阳 雨控股集团有限公司、徐新建、万旭昶、徐忠、丁玮采取出具警示函措施的决定》（〔2025〕169号） （以下简称《警示函》）。根据相关要求，现将《警示函》主要内容公告如下： 一、《警示函》主要内容 日出东方控股股份有限公司、太阳雨控股集团有限公司、徐新建、万旭昶、徐忠、丁玮: 经查，2024年4月至2024年12月，日出东方控股股份有限公司(以下简称日出东方或公司)子公司西藏日 出东方阿康清洁能源有限公司向控股股东太阳雨控股集团有限公司(以下简称太阳雨控股)子公司西藏隆 晟能源管理有限公司提 ...

Core Viewpoint - The board of directors of Youkeshu Technology Co., Ltd. rejected proposals from shareholders to convene an extraordinary general meeting to elect a new board of directors due to non-compliance with disclosure obligations by the major shareholder Wang Wei and his concerted parties [1][2][3] Group 1: Meeting Details - The sixth board of directors held its seventh temporary meeting on August 25, 2025, via electronic communication, with all seven directors present [1] - The meeting's procedures complied with the relevant laws and the company's articles of association [1] Group 2: Shareholder Proposals - Two proposals were submitted by shareholders Wang Wei and Liu Zhihui, who collectively hold 10.27% of the company's shares, and another group holding 10.57% [1][2] - Proposal 1 aimed to elect non-independent directors for the seventh board, nominating Wang Wei and others [2] - Proposal 2 sought to elect independent directors, nominating Yan Aimin and others [2] Group 3: Voting Results - The proposals were voted down with 3 in favor and 4 against, representing 57.14% of the voting directors [2] - The opposing directors cited concerns regarding Wang Wei's compliance with disclosure obligations related to significant matters affecting the company [2][3] Group 4: Compliance Issues - The board cited the failure of major shareholder Wang Wei and his concerted parties to fulfill reporting and announcement obligations as a reason for rejecting the proposals [3]