CMON Limited (HK:1792) has released an update.
CMON Limited has announced the signing of a preliminary Memorandum of Understanding for the sale of some of its intellectual properties for approximately US$12 million, with plans to finalize a definitive agreement within 90 days. The deal could lead to a major transaction for the company, potentially requiring shareholder approval at an extraordinary general meeting. Investors are cautioned to exercise prudence when trading the company’s securities during this period.
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