Crown Holdings (08606.HK) announced that, according to the agreement, the prerequisites for completion of the issue of consideration shares to acquire the entire issued share capital of Global Technology Development of the target company must be reached on or before December 31, 2021. As the prerequisites have not yet been reached on or before the final completion date, and the seller and the company have not reached an agreement to extend the final completion date, the agreement has been invalidated.
However, the company means that it will continue to explore other possible cooperation and / or investment arrangements with sellers, target companies and / or related online platforms and mobile applications.