Summary by Moomoo AI
Country Garden Services announced on 7 February 2024 that due to market conditions, capital market volatility and other factors, it has reached an agreement with relevant parties to terminate previous strategic cooperation agreements. The termination agreement resulted in the termination of discussions between Country Garden Properties Hong Kong and China-net Holding Ltd. regarding a possible acquisition. Under the Termination Agreement, all prior obligations and responsibilities of all parties involved will be immediately terminated and revoked. Despite the termination of the cooperation, Country Garden Services Group and HEF are expected to continue friendly discussions to explore long-term strategic cooperation in the future. In addition, the tendering period commencing 6 November 2023 has ended on the announcement date and Country Garden Properties Hong Kong...Show More