Cinderella Media Group (00550) said its controlling shareholders ER2 Holdings Limited and City Apex Limited are in discussion with independent third parties in relation to a possible disposal of shares.
The controlling shareholders currently hold about 55.04% equity interests in Cinderella Media. The proposal, if materialised, may result in the third parties being required to make a mandatory general offer for all issued shares of Cinderella Media.
Cinderella Media had applied for the resumption of trading in shares this afternoon.
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