SIM Technology Group (HK:2000) has released an update.
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SIM Technology Group Limited has revised the payment terms with purchasers for the disposal of a 98.7% equity interest in a target company, after the purchasers failed to adhere to the original schedule. The new agreement allows for the outstanding principal and overdue interest to be paid in several installments, with a reduced interest rate, extending the final payment date to 2028. This adjustment does not constitute a notifiable transaction according to the Listing Rules, as it falls below the set percentage ratios.
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