Nanyang New Development Terminates Investment and Shareholders’ Agreement Signed in February

NewTimeSpace News, April 2, 2026,Nanyang New Development announced that the company had signed a termination deed with Gold Bar Pte. Ltd. and other parties on April 1, 2026, to terminate the Investment and Shareholders’Agreement signed on February 6, 2026.

According to the announcement, the primary reason for the termination is that Nanyang New Development was unable to agree to the proposed changes to the business direction of Gold Bar Pte. Ltd. put forward by other subscribers. After further discussions, all parties jointly decided not to proceed with the share subscription and terminate the agreement.

Nanyang New Development stated that the agreement had not been performed, no payments had been made, and no penalties would be incurred due to the termination.

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