Summary by Moomoo AI
AXIOMA CAPITAL FZE LLC (THE “CONTRACTOR”) ANNOUNCES THAT ITS MANDATORY UNCONDITIONAL CASH CONTRACT WITH TEJIANG FIELD CO., LTD. (THE “COMPANY”) HAS BEEN TERMINATED AT 4 P.M. ON FEBRUARY 22, 2024 AND HAS NOT BEEN FURTHER AMENDED OR EXTENDED. As of the Term Deadline, the Contracting Party has received an effective acceptance of approximately 26.15% of the issued shares of the Company and an effective acceptance of approximately 51.27% of the Share Option. The Contracting Party and its Consistent Operators held approximately 30.61% of the Company's shares prior to the commencement of the Contract Period, together with the shares acquired in this secondary agreement, for a combined shareholding ratio of approximately 56.76%. The company's public shareholding is approximately 43.24%, which meets the minimum public shareholding requirements under the Listing Rules. The unaccepted call option will automatically expire at the closing date of the contract. Settlement of the contract will be completed within seven business days and the relevant shareholders will receive a cash payment due.