Veedol Corporation Limited has informed the Exchange that the Notice of Offer for Sale (OFS) of shares of Veedol Corporation Ltd. has been withdrawn by Andrew Yule & Co. Ltd. due to some technical glitches. It may please be noted that the aforesaid is solely at the instance of Andrew Yule & Co. Ltd. It is to clarify that Veedol Corporation Limited has nothing to do with the same.
VEEDOL · price
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An Offer for Sale (OFS) of Veedol Corporation Limited shares, to be conducted by promoter Andrew Yule & Co. Ltd., has been withdrawn at the last moment due to technical glitches on the exchange platform. The OFS notice that was issued to the exchange has been formally retracted. Veedol Corporation has clarified that this decision is entirely at the instance of Andrew Yule & Co. Ltd. (the selling shareholder) and the company itself is not a party to or responsible for the withdrawal. Shareholders and investors who may have been tracking or planning to participate in the OFS should note that the sale has not taken place. A fresh OFS may be launched later once the technical issues are resolved.
For ordinary shareholders, this is largely a non-event — no shares change hands and the company's shareholding remains unchanged. Short-term, the stock could see minor volatility from the cancelled supply, but the fundamental picture and ownership structure of Veedol Corporation are unaffected.