TK Group's Subsidiary in Vietnam Terminates Land Acquisition Agreement Due to Tariff Impact

Reuters

Sep 12

TK Group's Subsidiary in Vietnam Terminates Land Acquisition Agreement Due to Tariff Impact

CÔNG TY TNHH TK PRECISION TECHNOLOGY HỒNG KÔNG VIỆT NAM, a wholly-owned subsidiary of TK Group (Holdings) Limited, has terminated its letter of intent with CÔNG TY CỔ PHẦN ĐẦU TƯ TRUNG QUÝ - BAC NINH for acquiring land in Vietnam. The termination was due to tariff situations impacting the Group's business direction. A termination agreement was signed, and the deposit paid under the letter of intent will be refunded by 30 November 2025, after deducting relevant expenses.

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. TK Group (Holdings) Limited published the original content used to generate this news brief on September 12, 2025, and is solely responsible for the information contained therein.

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The termination was due to tariff situations impacting the Group's business direction. A termination agreement was signed, and the deposit paid under the letter of intent will be refunded by 30 November 2025, after deducting relevant expenses.\n      \n\nDisclaimer: 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. TK Group (Holdings) Limited published the original content used to generate this news brief on September 12, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}