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Tesson Holdings Ltd. ( (HK:1201) ) has provided an update.
Tesson Holdings Limited, a company listed on the Hong Kong Stock Exchange, has announced the termination of a major transaction involving the formation of joint venture companies with Aerospace Lithium Battery (Hong Kong) Co., Limited. This decision was influenced by changes in national policy related to new energy and differences in financing risk control. The termination is not expected to have a material adverse impact on the company’s financial results or operations, and is deemed to be in the best interests of the company and its shareholders. Additionally, the company has released ALBHK from a lock-up undertaking given under a previous subscription agreement, as the anticipated cooperation did not materialize. Furthermore, the company announced the resignation of Mr. Yan Haiting and Mr. Xu Qian from their positions as executive directors, with no claims or disagreements reported.
More about Tesson Holdings Ltd.
YTD Price Performance: -39.27%
Average Trading Volume: 99,797
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$292.2M
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