Daohe Global Unit's Potential Acquisition of Machine Vision Tech Firm Falls Through

MT Newswires Live

05/14

A unit of Daohe Global Group (HKG:0915) terminated an MoU regarding the acquisition of a 51% equity interest in a machine vision technology software company in China, a Tuesday Hong Kong bourse filing said.

The move came about as the two parties, which had signed the MoU in January, had differing understandings regarding the future development direction, which didn't align with the company's strategic objectives.

A refundable deposit of 5.1 million yuan has been refunded to the management consulting company following termination.

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