Zhitong Financial App News, Yatini Group (00789) issued an announcement that as of the date of this announcement, discussions between potential sellers and potential buyers on potential transactions are still in progress, and there has been no significant development since July 21, 2023. and the due diligence of the potential buyer of the group is still in progress, which is expected to be completed on or before August 31, 2023, and approximately 85% has been completed by the date of this announcement.
Except for the intention Agreement and the NDA dated 9 May 2023, the potential Vendor and the potential Purchaser have not entered into any formal or legally binding agreement on the potential transaction. The Company learns from the potential Vendor that they have received the intention payment from the potential Purchaser under the intent Agreement and that the intention payment has not yet been used to repay part of the consideration paid by the potential Vendor for the sale of the shares for sale.