Cherish Sunshine Ends Contracts Amid Risks
Company Announcements

Cherish Sunshine Ends Contracts Amid Risks

Cherish Sunshine International Limited (HK:1094) has released an update.

Cherish Sunshine International Limited has terminated the EPC Services Framework Agreement and the Master Purchase Framework Agreement due to potential credit risks associated with their connected party, Suzhou Aikang. The company decided that continuing these transactions is not in the best interest of the group. This cancellation of the agreements is not expected to materially impact the company’s business, operations, or financial position.

For further insights into HK:1094 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App