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COFCO Joycome Approves Merger with Wholly-Owned Subsidiary Zhuomao Limited
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On September 24, 2026, COFCO Joycome (01610.HK) announced the approval of a merger with its wholly-owned subsidiary, Zhuomao Limited, a British Virgin Islands-registered company. The merger will see Zhuomao Limited merge into COFCO Joycome, with the latter continuing as the surviving entity as a Cayman Islands-registered legal person without interruption. Upon the merger's effectiveness, all issued and outstanding shares of Zhuomao Limited will be cancelled for zero consideration. COFCO Joycome will not issue any new shares or other securities in exchange, and the rights attached to its existing shares will remain unchanged. The move is a corporate restructuring aimed at simplifying the group's structure.
Source report
Hong Kong, September 24 — COFCO Joycome Foods Limited (01610.HK) announced that on September 24, 2026, it approved, among other matters, a proposal to merge with Brilliant Best Limited, a British Virgin Islands business company incorporated in the BVI and a direct wholly-owned subsidiary of the Company, with the Company continuing as the surviving entity.
Following the merger, the Company will continue as the same legal entity incorporated in the Cayman Islands without interruption. Upon the merger becoming effective, the merged company will cease to exist as a separate legal entity.
Key details of the merger include:
- All issued and outstanding shares of the merged company will be cancelled for zero consideration.
- The Company will not issue any shares or other securities in exchange.
- For the purposes of the merger only, the shares of the Company and the rights attached thereto will remain unchanged.
Source
格隆汇Eastern
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COFCO Joycome shares rise nearly 6% after approving merger with subsidiary Zhuomao Limited