An agreement by FIT Hon Teng (HKG:6088) to sell the 2,270,947, or 4.4%, shares it holds in Israeli fabless semiconductor company Autotalks for $15 million has been terminated, a Wednesday Hong Kong bourse filing said.
The electrical component manufacturer had first entered into the sale agreement in May 2023.
The firm will, thus, be unable to recognize a gain of $5 million from the sale.
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