Industrial Securities Holdings: Plans to terminate the acquisition of a 51% stake in the target company

NightAirdropper · 2026-04-05T07:51:48+00:00

Everyday AI Express, on April 1, 2026, Industrial Holdings (00132.HK) released an announcement on a transaction that is required to be disclosed, stating that, due to the conditions for the initial payment (including the agreed completion of the disposal of assets and debt settlement) not being satisfied when 12 months had elapsed from the date of signing the equity transfer agreement, all parties confirmed on April 1, 2026 that the equity transfer agreement was terminated. Daily Economic News

NightAirdropper

2026-04-05 07:51:48

JiDaily AI Express, on April 1, China Merchants Holdings (00132.HK) released an announcement on a discloseable transaction, stating that because the conditions for the initial payment of the consideration (including the agreed asset disposal before completion and debt settlement) were not satisfied when 12 months elapsed from the date of signing the equity transfer agreement, all parties confirmed on April 1, 2026 that the equity transfer agreement would be terminated. The board of directors believes that the termination of the agreement will not have a material adverse impact on the Group’s business operations and financial condition.

Daily Economic News

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