GRG Banking Equipment (002152.SZ) terminates the transfer of a 51% equity stake in Huitong Jinke.

GRG Banking Equipment (002152.SZ) announced the termination of the transfer of 51% equity of its subsidiary Huitong Jinke. As of September 19, 2024, Jiangsu Yunfa has failed to fulfill its payment obligations in accordance with the contract signed by both parties, and the overdue payment exceeds 30 days. According to the provisions of the Share Transfer Agreement, the company has decided to terminate the Share Transfer Agreement. The company has sent a notice of termination of the Share Transfer Agreement to Jiangsu Yunfa by express delivery on September 19, 2024, and reserves the right to further pursue Jiangsu Yunfa's breach of contract liability.