Quali-Smart Says Long Stop Date of Change in Ownership Transaction Extended
MT Newswires Live
Dec 10, 2025
Quali-Smart (HKG:1348) said the long stop date to complete due diligence on a possible change in ownership transaction had been extended by 10 calendar days, according to a Hong Kong bourse filing Tuesday.
Shares of the toy manufacturer fell nearly 3% in morning trade Wednesday.
The company's selling shareholders and Yael Capital Management, the purchaser, pushed the long stop date to Dec. 19 from Dec. 9 to finish due diligence on the potential transaction.
Quali-Smart previously said that some substantial shareholders, including chairman Poon Pak Ki Eric, planned to collectively sell 51.70% of the entire issued share capital of the company to Yael Capital.
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