Semk Holdings International Limited (HK:2250) has released an update.
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Semk Holdings International Limited has announced the termination of a Subscription Agreement with Dream Studio after reconsidering the macroeconomic environment and Dream Studio’s funding plans, leading to a mutual release from all related obligations. Despite the termination, the company will proceed with establishing Contractual Arrangements, which are no longer interdependent on the Subscription’s completion. Additionally, amendments to the Loan Agreement have been made, adjusting the loan amount provided to Dequ Technology to RMB5.1 million to meet its capital needs.
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