TK Group Holdings (02283): Terminates Acquisition of Vietnamese Land Plot

Stock News

Sep 12

TK Group Holdings (02283) announced that its wholly-owned subsidiary, CÔNG TY TNHH TK PRECISION TECHNOLOGY HỒNG KÔNG VIỆT NAM (TK Precision Technology Hong Kong (Vietnam) Limited), had planned to acquire land use rights for a plot located in Phuc Dien Extended Industrial Park in Hai Duong Province, Vietnam. Due to changes in the tariff landscape between Vietnam and the Group's global partners, which has resulted in shifts in the Group's business direction, the Group has decided to terminate the letter of intent. On August 20, 2025, both parties executed a termination agreement, formally concluding the letter of intent.

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Due to changes in the tariff landscape between Vietnam and the Group's global partners, which has resulted in shifts in the Group's business direction, the Group has decided to terminate the letter of intent. 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