Brief: Jinhui Shipping and Transportation Terminates Agreement

Jinhui Shipping and Transportation

30/10/2020 09:59

Oct 30 (Reuters) - Jinhui Shipping and Transportation Ltd
 JINH.OL :
    * TERMINATION OF AGREEMENT
    * PURCHASER AND VENDOR HAVE DULY SIGNED SUCH CANCELLATION
AGREEMENT ACCORDINGLY AND ACQUISITION OF PROPERTY WAS TERMINATED
    * MANAGEMENT OF COMPANY DECIDED THAT PURCHASER AND VENDOR
SHOULD
ENTER INTO A CANCELLATION AGREEMENT TO CANCEL PROPOSED
TRANSACTION FOR SALE AND PURCHASE OF PROPERTY
    * INITIAL DEPOSIT OF HK$800,000 AND FURTHER DEPOSIT OF
HK$1,150,000 WILL BE REFUNDED TO PURCHASER IN DUE COURSE
    * DIRECTORS CONSIDER THAT TERMINATION OF ACQUISITION OF
PROPERTY
WOULD NOT HAVE ANY MATERIAL ADVERSE EFFECT ON FINANCIAL POSITION
AND OPERATIONS OF GROUP

Source text for Eikon:  ID:nObicRMfta 
Further company coverage:  JINH.OL 

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