GAODI HOLDINGS (01676): Terminates Acquisition of ABLE TALENT ASIA LIMITED

Stock News
Aug 31

GAODI HOLDINGS (01676) announced that due to unsatisfactory results from the company's due diligence review of the target group, the preconditions under the acquisition agreement were not fully satisfied by August 31, 2025. Consequently, the acquisition agreement expired on August 31, 2025, and was immediately terminated. The company and the vendor have agreed to immediately terminate and release each other from their respective obligations under the acquisition agreement. As of the date of this announcement, the group has not made any initial payment or any other consideration. The company believes that the termination of the acquisition agreement will not have a material impact on the group's overall business operations.

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