Huayi Financial Holdings (08123) issued an announcement relating to matters relating to the Memorandum of Understanding relating to the proposed sale. In accordance with the understanding...
According to the Zhitong Finance App, Huayi Financial Holdings (08123) issued an announcement relating to matters relating to the memorandum of understanding relating to the proposed sale. According to the MOU, the price of the proposed sale should be HK$15.52 million. It is recommended that the buyer pay a deposit of HK$1,552,000 (10% of the cost) to the seller's attorney within 5 working days from the date of signing the MOU, and that the seller's attorney act as the custodian. Their attorneys informed the company that they had not received a deposit from the proposed buyer until March 5, 2023.
The company hereby informs shareholders and investors that since the proposed buyer violated the terms of the memorandum of understanding and did not pay the deposit within the agreed period, the company would not continue with the proposed sale proposed in the memorandum of understanding.