Brief: Country Garden Services Says Termination Of Strategic Cooperation Agreement

Country Garden Services Holdings

07/02/2024 14:40

Feb 7 (Reuters) - Country Garden Services  6098.HK :
    * TERMINATION OF STRATEGIC COOPERATION AGREEMENT
    * TERMINATION AFTER CONSIDERING, AMONG OTHER MATTERS,
PREVAILING
MARKET CONDITIONS, RECENT VOLATILITY IN CAPITAL MARKETS
    * DISCUSSION BETWEEN CGS HK AND CHINA-NET FOR POSSIBLE
ACQUISITION
HAS ALSO BEEN TERMINATED AND WILL NOT PROCEED
    * DESPITE TERMINATION, PARTIES EXPECT TO CONTINUE TO ENGAGE
IN
AMICABLE DISCUSSIONS TO EXPLORE PLANS
    * PARTIES TO EXPLORE PLANS TO DEEPEN LONG-TERM STRATEGIC
COOPERATION BETWEEN CGS GROUP AND HOPEFLUENT GROUP
    * REFRES TO JOINT ANNOUNCEMENT DATED 6 NOVEMBER 2023 MADE BY
CGS,
CGS HK AND HOPEFLUENT ON COOPERATION

Source text for Eikon:  ID:n11066497-1 
Further company coverage:  6098.HK 

 ((Reuters.Briefs@thomsonreuters.com;))