China International Development Corporation Limited (HK:0264) has released an update.
China International Development Corporation Limited has announced the lapse of their Placing Agreement due to unmet conditions by the closing date of 19 July 2024. The failure of this agreement, which involved the placement of up to 40 million shares, will not materially impact the company’s operations or financial stance, asserting that any obligations between the parties involved are now null, except for specific conditions such as reimbursement for incurred expenses.
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