China Huajun Group Terminates Share Subscription Under General Mandate

Stock News
Jun 29

CHINA HUAJUN GP (00377) has announced the termination of its share subscription agreements. On June 29, 2026, following mutual agreement between the company and the subscribers, all parties consented to the immediate termination of the said subscription agreements. Upon termination, the obligations of each party under these agreements are to be released, though any rights or liabilities that had already arisen prior to or on that date remain unaffected. As a result of this termination, the subscription will not proceed further. The board of directors believes that terminating the subscription will not have any materially adverse impact on the company's existing business, operations, or financial condition. The company continues to engage in discussions with other potential investors and will make further announcements as appropriate.

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