DRAGON KING GP (08493) terminates the acquisition of 55% equity interest in Focus Aim Investments Limited and the sale of loans.

date
20:56 22/12/2025
avatar
GMT Eight
Long Emperor Group (08493) has announced a proposal to acquire 55% of the issued share capital of Focus Aim Investments Limited as well as its outstanding loans.
Dragon King GP (08493) has released an announcement regarding a proposed acquisition of 55% of the issued share capital of Focus Aim Investments Limited and its outstanding loans. The board of directors hereby announces that, after careful consideration and negotiations between the buyer, Zest Dragon International Group Limited (a wholly-owned subsidiary of the company), and the seller, Townfield Limited, regarding the future direction of the group's business, the buyer has decided, and the seller has accepted, not to proceed with the acquisition at this stage. On December 22, 2025, the buyer and seller entered into a termination agreement, in which both parties agreed to terminate the purchase agreement from the date of termination. According to the terms of the termination agreement, the buyer is required to compensate the seller with an amount of HK$20,000 for expenses incurred by the seller in connection with the signing of the purchase agreement. Following the termination of the purchase agreement, unless there have been any breaches of the purchase agreement prior to termination, the purchase agreement will no longer have any further effect. Apart from the compensation amount, neither party shall make any claims against the other. The board of directors believes that the termination of the acquisition will not have any significant adverse impact on the group's business, operations, or financial condition.