Zhitong Finance App News, Fuxing Asia (00274) issued an announcement. On January 5, 2024, buyer A Fuxing Silk Road (Tianjin) Commercial Management Co., Ltd. and buyer B Fuxing Silk Road International Co., Ltd. (a wholly-owned subsidiary of the group) signed a share transfer agreement with seller A Shanggu Investment Holding Group Co., Ltd. (independent third party). The seller conditionally agreed to sell 100% of the target company's shares. The buyer conditionally agreed to purchase 100% of the target company's shares at a total cost of US$1,966,700.
The announcement stated that after careful consideration, the buyer and seller decided not to proceed with the acquisition. On April 30, 2024 (after the transaction period), the buyer and seller entered into a termination agreement. According to this, the buyer and seller agreed to terminate the share transfer agreement and no longer be binding on the buyer and seller from the date of termination of the agreement, and the buyer and seller mutually release and release any other party (if any) from all obligations, duties, liabilities, claims and liabilities of any nature arising from or relating to the share transfer agreement. The buyer has not paid any price to the seller as of the date of this announcement. As of the date of this announcement, none of the conditions relating to the acquisition under the share transfer agreement have been fulfilled.