VIRTUAL MIND (01520): The final deadline for the acquisition of 10% equity of the Sinobridge Capital Group has expired and the transaction has failed.
Tianji Holdings (01520) announced that it has terminated the agreement to acquire a 10% stake in Xin Qiao Capital Group Limited. The board of directors hereby announces that the precondition for the acquisition was not met by the deadline of January 13, 2026 (i.e. the last day of the six months after the agreement was signed), and there was no agreement reached between the company and the seller to extend the deadline. Therefore, the agreement has lapsed. The board believes that the expiration of the agreement will not have a significant adverse impact on the business, operations, and financial condition of the group.
VIRTUAL MIND (01520) announced that it will not be proceeding with the acquisition of 10% equity of Xin Qiao Capital Group Limited. The Board of Directors hereby declares that the preconditions for the acquisition were not met by the deadline of January 13, 2026 (six months after the signing of the agreement), and there was no agreement reached between the company and the seller to extend the deadline. As a result, the agreement is considered null and void. The Board believes that the failure of this agreement will not have a significant adverse impact on the group's business, operations, and financial condition.
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