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Sheen Tai Holdings Group Co. Ltd. ( (HK:1335) ) just unveiled an announcement.
Sheen Tai Holdings Group Co. Ltd., a company incorporated in the Cayman Islands, announced the termination of a proposed acquisition of all issued shares of a target company. This decision follows a notice from the vendor proposing either a termination of the Share Purchase Agreement (SPA) or an increase in consideration due to a significant rise in bitcoin prices. The purchaser opted not to proceed with the acquisition, and the termination is not expected to have a material adverse impact on the financial position and operations of the group.
More about Sheen Tai Holdings Group Co. Ltd.
YTD Price Performance: -32.17%
Average Trading Volume: 1,168,109
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$379.7M
See more data about 1335 stock on TipRanks’ Stock Analysis page.