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Link-Asia International Medtech Group Ltd. ( (HK:1143) ) just unveiled an announcement.
China Energy Storage Technology Development Limited, formerly known as Link-Asia International MedTech Group Ltd., announced the lapse of a major transaction and a proposed rights issue. The company stated that the conditions for both the Assignment and the Rights Issue could not be fulfilled by their respective deadlines, leading to their termination. Despite these lapses, the company does not foresee any material adverse effects on its financial position and plans to explore other business or fundraising opportunities to improve its financial standing.
More about Link-Asia International Medtech Group Ltd.
Average Trading Volume: 601,331
Technical Sentiment Signal: Sell
Current Market Cap: HK$79.62M
Learn more about 1143 stock on TipRanks’ Stock Analysis page.