Daohe Global Group Terminates Acquisition Plans

The latest announcement is out from Daohe Global Group Limited ( (HK:0915) ).

Daohe Global Group Limited has decided to terminate its potential acquisition of a 51% equity interest in a company based in the PRC. The decision followed a due diligence review that revealed differing strategic alignments between the parties involved. Consequently, the refundable deposit of RMB5,100,000 paid by Daohe Global has been returned in full, as per the memorandum of understanding and escrow arrangement.

More about Daohe Global Group Limited

Daohe Global Group Limited is a company incorporated in Bermuda, primarily engaged in various business operations through its subsidiaries. The company is listed on the Hong Kong Stock Exchange and focuses on strategic investments and acquisitions.

YTD Price Performance: 6.86%

Average Trading Volume: 411,586

Technical Sentiment Signal: Hold

Current Market Cap: HK$164.5M

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