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金朝阳集团(00878.HK)就出售Linking Smart股份订立和解协议

Jin Chaoyang Group (00878.HK) entered into a settlement agreement for the sale of Linking Smart shares

Gelonghui Finance ·  Sep 13, 2023 07:14

00878.HK announced on September 13th that the seller, the seller's guarantor, the buyer and the buyer's guarantor agreed to settle the matter in an amicable manner and enter into a settlement agreement on September 12, 2023 after several rounds of negotiation between the parties on the basis of the sale of the entire equity interest in Linking Smart. According to the settlement agreement, (I) the parties agree that the seller shall confiscate the initial deposit of HK $320 million paid by the buyer when signing the sale and purchase agreement; (ii) in addition to the forfeiture of the initial deposit, the buyer shall pay a non-refundable settlement deposit of HK $32 million to the Group when signing the settlement agreement. And (iii) as a consideration for the forfeiture of the initial deposit by the seller and the settlement paid by the buyer, the parties agree to terminate the Sale and purchase Agreement and the Sale and purchase Agreement shall cease to have effect.

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