Tiangong International Co. Ltd. (HK:0826) has released an update.
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Tiangong International Co. Ltd. announced a supplemental agreement with existing investors regarding the buy-back arrangement of TG Tools’ equity due to the company’s failure to achieve a qualified listing by the end of 2023. This agreement allows investors to request a buy-back of their shares, with TG Hong Kong and affiliated entities assuming joint liability for the obligations. The adjustments create an opportunity for investors to reassess their positions, reflecting strategic shifts in Tiangong’s financial commitments.
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