Broncus Holding (HKG:2216) said Monday it has canceled the share transfer agreement between its unit, Broncus China, and Max Grand, according to a same-day bourse filing.
The company said Max Grand will return the $5.5 million deposit it paid, and the cancellation will not affect its business.
Broncus shares were down 1% in afternoon trading.
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.