LEGION CONSO (02129) announced that on March 26, 2024, the buyer was sold...
Zhitong Finance App News, LEGION CONSO (02129) issued an announcement. On March 26, 2024, the buyer was informed by the seller that the proposed transaction under the sales agreement had been terminated. The reason was that JTC refused to grant the JTC consent due to lack of sufficient reasons and documents to support the buyer's earnings forecast, so the prerequisites were not met. According to the terms of the sale agreement, the seller shall refund to the buyer all amounts already paid by the buyer (i.e. 5% of the total price (i.e. SGD 900,000)) without any interest or deduction.
The Board believes that the termination of the sale agreement will not have any significant adverse impact on the Group's financial position and operations.