The exclusivity period for negotiations between Lisi Group's (HKG:0526) unit, More Concept, and seller Manukura (CMCI) for the possible purchase of Emerald Holding (Luxembourg) has expired without progress, a Thursday filing with the Hong Kong bourse said.
Since the parties have failed to reach a formal agreement, the plastic and hardware household items manufacturer is assessing the situation and the potential deal may eventually fall through.
The parties had entered into a letter of intent regarding the purchase of the Luxembourg-based company in October 2024.