Sinomax Group Ltd. Provides Update on Intellectual Property Acquisition, Expects Purchase Price Settlement by November 2025

Reuters

Aug 01

<a href="https://laohu8.com/S/SOMXF">Sinomax Group Ltd.</a> Provides Update on Intellectual Property Acquisition, Expects Purchase Price Settlement by November 2025

Sinomax Group Limited has released a supplemental announcement regarding its acquisition of intellectual property as outlined in a previous announcement dated 8 July 2025. The company has provided additional details about the basis for determining the purchase price, which involves a minimum quarterly royalty payment of US$200,000 to Kimberly. The expected payment date for the purchase price is set for 25 November 2025, contingent upon the satisfaction or waiver of closing conditions. Financial information related to the acquired IP reveals net profits before and after tax, as well as net sales figures for the years ending 31 December 2023 and 2024, and the five months ending 31 May 2025. All other details from the initial announcement remain unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sinomax Group Ltd. published the original content used to generate this news brief on August 01, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Provides Update on Intellectual Property Acquisition, Expects Purchase Price Settlement by November 2025","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/SOMXF\">Sinomax Group Ltd.</a> Provides Update on Intellectual Property Acquisition, Expects Purchase Price Settlement by November 2025\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Sinomax Group Limited has released a supplemental announcement regarding its acquisition of intellectual property as outlined in a previous announcement dated 8 July 2025. The company has provided additional details about the basis for determining the purchase price, which involves a minimum quarterly royalty payment of US$200,000 to Kimberly. 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