Summary by Moomoo AI
Changhe announced the termination of the transaction for the new Italian telecommunications services company, originally scheduled for completion on 12 February 2024, due to the failure to meet the prerequisites. The transaction relates to the Framework and Transfer Agreement signed by CK Hutchison Group Telecom Italy Investments S.à r.l. (“CKHGTI”) with Marconi TopCo S.à r.l. (the “Investor”) on 12 May 2023, as well as related business injections, subscriptions and transfers. Due to unmet conditions, the agreement was terminated on February 13, 2024. The transaction will not take place, and the related non-sale and option deed will be terminated. The Company's Executive Director and Company Secretary, Mr. Shidexi, issued the announcement on 13 February 2024.