Jinyi Group Holdings (00565) issued an announcement stating that the company signed a letter of intent with Du Liudong to invest in Hebei Wanma...
Zhitong Finance App News, Jinyi Group Holdings (00565) issued an announcement regarding matters relating to the company's letter of intent with Du Liudong to invest in Hebei Wanma Biomedical. Since the two parties have not entered into a formal agreement, the letter of intent was terminated when 3 months from the date of the letter of intent expires.
A letter of intent is not legally binding. The Board believes that the letter of intent to terminate has no significant impact on the Group's overall business operations and financial situation.