Taoping Updates Share Unlock Terms in Acquisition of Target Company
Reuters
Yesterday
Taoping Updates Share Unlock Terms in Acquisition of Target Company
Taoping Holdings Limited has signed a supplemental agreement with Skyladder Holding Limited regarding the acquisition of 100% equity interest in a target company. Under the revised terms, the period for evaluating the target company's performance has been changed to December 1-31, 2025. The target company must achieve audited operating revenue of RMB 8.16 million and net profit (after tax) of RMB 440,000 during this period. If these performance criteria are met, 1,576,584 shares will be unlocked within 20 business days after Taoping discloses its 2026 annual report. The updated agreement supersedes the previous terms regarding performance criteria and share unlocking.
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