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The end could finally be in sight for suffering Birmingham City fans after a lengthy statement was issued to the Hong Kong Stock Exchange.

A 61-page statement can be found here which chronicles the latest developments in the long-running bid to install new owners at the club and safeguard a brighter future for the club.

We are looking at the statement in some detail, but amongst the things that can be understood from it are as follows...

* Trillion Trophy Asia will be the major shareholder - Paul Suen Cho Hung and Daniel Sue Ka Lok are the directors

* An amount of HK$120 million £10.6m "will be used to, when considered appropriate, acquire additional talented players who are expected to make contribution to and help enhance the competitiveness of the team significantly so as to assist the team to reach the goal of being promoted to the Premier League in the future." - effectively, new players.

Brian Dick's verdict

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* There will be an EGM held on July 29th which will go a long way to formally deciding the Carson Yeung and Peter Pannu issues.

* Shares will be relisted in October

* No plans to sell the club on within two years, once this sale is in place

* The news is essentially confirmation of the old guard being replaced with the new owners

We will have more to follow on the news very shortly, from Brian Dick.