KUALA LUMPUR: The proposed privatisation of Hong Kong-listed Gouco Group Ltd by GuoLine Overseas Ltd has fallen through after failing to obtain the support of shareholders.
In a joint filing with the Hong Kong Stock Exchange on Thursday, GuoLine and Guoco announced that the proposed scheme arrangement for the privatisation had failed to receive 75% of the votes attaching to the scheme shares held by the independent scheme shareholders at the court meeting.
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