HAO BAI INTL (08431) terminates proposed joint venture agreement
Hawk International (08431) has announced that regarding the proposed joint venture agreement with Bentley Huajun (Hainan) Food Co., Ltd. (Bentley Huajun), the company has not made any progress, development or implementation under this strategic cooperation. In this situation, the company will no longer continue to push forward with the business development.
HAO BAI INTL(08431) has announced that the company has been in discussions regarding a proposed joint venture agreement with Bentley Huajun (Hainan) Food Co., Ltd. The Board of Directors hereby declares that the company has not made any progress, developments, or executions in this strategic collaboration, and therefore the company will no longer pursue this business opportunity.
The Board believes that not proceeding with the proposed joint venture agreement will not have any significant adverse impact on the existing business, operations, or financial condition of the group.
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