JAKOTA CAPITAL (01468) terminates the acquisition of Jakota Capital AG.

date
22:47 06/03/2026
avatar
GMT Eight
China Jingu International Capital Management Limited (01468) announced that the acquisition of Jakota Capital AG involves related matters of issuing consideration shares under the general mandate. After careful consideration and discussion between the Company and the seller regarding the overall market environment and future business development direction of the Group, both parties have unanimously agreed not to proceed with the acquisition at this time.
JAKOTA CAPITAL (01468) announced that the acquisition of Jakota Capital AG involving the issuance of consideration shares under general mandate will not proceed at this time. After careful consideration and discussion regarding the overall market environment and future business development direction of the group, both the company and the seller have unanimously agreed not to pursue the acquisition. On March 6, 2026, the company and the seller signed a termination letter, agreeing to terminate the agreement (as revised by the supplemental agreement) effective from the date of the termination letter. According to the termination letter, all rights, obligations, and liabilities of the contracting parties will cease and terminate, and neither party can make any claims against the other party regarding the acquisition, except in cases of prior breaches of obligations under the agreement (as revised by the supplemental agreement). The Board believes that the termination will not have any significant adverse impact on the existing business, operations, and financial condition of the group.