HYBRID KINETIC (01188) Terminates Proposed HK$51 Million Acquisition of 51% Stake in Film and Media Company

Stock News

Nov 14, 2025

HYBRID KINETIC (01188) announced the termination of its previously disclosed transaction to acquire a 51% stake in a target company, which involved issuing convertible notes under a general mandate. Completion was conditional upon fulfilling certain prerequisites outlined in the announcement. The board confirmed that as some conditions remained unmet by the final deadline, the agreement automatically terminated per its terms. The board stated that the termination does not entail any indemnification or penalty liabilities between parties and will not materially impact the group's financial position or daily operations.

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