EG Leasing Ends Negotiations on Potential Acquisition; Board Sees No Material Impact

Bulletin Express

Jun 16

China Ever Grand Financial Leasing Group Co., Ltd. (EG Leasing, stock code 00379) has formally terminated the non-legally binding memorandum of understanding (MOU) signed on 30 April 2026 for a potential acquisition of an unnamed target company that would have involved issuing consideration shares.

The company and the prospective vendor mutually agreed to discontinue talks, executing a termination notice on 16 June 2026 after Hong Kong trading hours. According to the board, the decision results from “careful consideration and further amicable negotiations.”

Management stated that ending the MOU will not have any material adverse effect on EG Leasing’s existing operations or financial position.

The announcement was authorized by Chairman and Executive Director Mr. Wong Lik Ping on behalf of the board. As of the announcement date, the board comprises four executive directors, one non-executive director and three independent non-executive directors.

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(EG Leasing, stock code 00379) has formally terminated the non-legally binding memorandum of understanding (MOU) signed on 30 April 2026 for a potential acquisition of an unnamed target company that would have involved issuing consideration shares.</p>\n<p>The company and the prospective vendor mutually agreed to discontinue talks, executing a termination notice on 16 June 2026 after Hong Kong trading hours. According to the board, the decision results from “careful consideration and further amicable negotiations.”</p>\n<p>Management stated that ending the MOU will not have any material adverse effect on EG Leasing’s existing operations or financial position.</p>\n<p>The announcement was authorized by Chairman and Executive Director Mr. Wong Lik Ping on behalf of the board. 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