Daohe Global Group Ltd. Cancels Acquisition Plans, Refunds RMB5.1 Million Deposit

Reuters

05/13

Daohe Global Group Ltd. Cancels Acquisition Plans, Refunds RMB5.1 Million Deposit

Daohe Global Group Ltd. has announced the termination of its proposed acquisition of a 51% equity interest in a limited liability company incorporated in the PRC. The decision followed a due diligence review that revealed differing understandings between the parties regarding the future development direction, which did not align with the Group's investment assumptions and strategic objectives. Consequently, the Board has decided not to proceed with the acquisition. The Refundable Deposit of RMB5,100,000 paid by the Group has been fully refunded in accordance with the terms of the memorandum of understanding and the escrow arrangement. The announcement was made by Executive Director and CEO, Wong Hing Lin, Dennis, on May 13, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Daohe Global Group Ltd. published the original content used to generate this news brief on May 13, 2025, and is solely responsible for the information contained therein.

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Cancels Acquisition Plans, Refunds RMB5.1 Million Deposit","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Daohe Global Group Ltd. Cancels Acquisition Plans, Refunds RMB5.1 Million Deposit\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Daohe Global Group Ltd. has announced the termination of its proposed acquisition of a 51% equity interest in a limited liability company incorporated in the PRC. The decision followed a due diligence review that revealed differing understandings between the parties regarding the future development direction, which did not align with the Group's investment assumptions and strategic objectives. Consequently, the Board has decided not to proceed with the acquisition. 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Cancels Acquisition Plans, Refunds RMB5.1 Million Deposit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-13 17:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Daohe Global Group Ltd. Cancels Acquisition Plans, Refunds RMB5.1 Million Deposit\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Daohe Global Group Ltd. has announced the termination of its proposed acquisition of a 51% equity interest in a limited liability company incorporated in the PRC. The decision followed a due diligence review that revealed differing understandings between the parties regarding the future development direction, which did not align with the Group's investment assumptions and strategic objectives. Consequently, the Board has decided not to proceed with the acquisition. The Refundable Deposit of RMB5,100,000 paid by the Group has been fully refunded in accordance with the terms of the memorandum of understanding and the escrow arrangement. 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Daohe Global Group Ltd. published the original content used to generate this news brief on May 13, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1225","symbol_name":"钢铁","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250513:nNDL6dXnFF:1","article_id":"2535425710","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535425710","pubTimestamp":1747128868,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Daohe Global Group Ltd. has announced the termination of its proposed acquisition of a 51% equity interest in a limited liability company incorporated in the PRC. The decision followed a due diligence review that revealed differing understandings between the parties regarding the future development direction, which did not align with the Group's investment assumptions and strategic objectives. Consequently, the Board has decided not to proceed with the acquisition. The Refundable Deposit of RMB5,100,000 paid by the Group has been fully refunded in accordance with the terms of the memorandum of understanding and the escrow arrangement. The announcement was made by Executive Director and CEO, Wong Hing Lin, Dennis, on May 13, 2025.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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