Champion Technology Holdings (HK:0092) has released an update.
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Champion Technology Holdings Limited has extended the sale and purchase agreement’s long stop date to December 31, 2024, indicating a significant, yet unresolved acquisition may be re-evaluated or potentially terminated around October 2024. Despite disagreement with the Listing Review Committee’s characterization of the deal as a reverse takeover, the company will provide future updates. Shareholders and investors are advised to exercise caution when trading company securities due to the uncertain outcome of the acquisition.
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