Hengxin Technology Ltd. (HXTL) announced a further postponement in dispatching the shareholder circular related to its major transaction and continuing connected transactions under the Financial Services Framework Agreement.
The circular—covering details of the proposed deposit services, related deposit caps, the Independent Board Committee’s recommendation, an independent financial adviser’s opinion, and the notice of the extraordinary general meeting—was originally slated for release on or before 10 August 2026. Additional time is required to finalise information, pushing the expected dispatch date to on or before 14 August 2026.
The Board composition remains unchanged, with Executive Directors Peng Yinan and Lau Fai Lawrence leading the company’s oversight of the transaction.
The delay does not affect the substance of the proposed framework or the planned extraordinary general meeting, but it extends the disclosure timeline by four days.
Comments