The stock exchange has looked into the expected purchase by the China Everbright group of stakes in the Chevalier group to determine whether investors have been given misleading information.
It is understood that the exchange's need to study the chain of events leading to the proposed acquisitions was one of the reasons for the delay in the deal's announcement, which was originally expected to appear in newspapers yesterday.
On July 22, Chevalier International Holdings denied press reports it was selling shares to the China Everbright group but officials from the two groups confirmed on Thursday that a deal was imminent.
A Chevalier official refused to comment on the exchange's concern over information disclosure about the deal, saying only that the exchange needed clarification about some parts of the announcements which caused the delays.
A source close to the China Everbright group said the unlisted flagship, China Everbright Holdings, and China Everbright Technology, would be the companies buying minority stakes in Chevalier (OA) International and Chevalier International Holdings.
