DTXS SILK ROAD (00620.HK) terminates 50.1% stake purchase in Topology Digital Tech

DTXS SILK ROAD (00620.HK) terminated the share purchase deal for 50.1% of Topology Digital Technology on 30 Oct, with no consideration paid.

NewTimeSpace News: On 1 November 2026, DTXS Silk Road Investment Holdings Company Limited (DTXS SILK ROAD, 00620.HK) disclosed that the share purchase agreement to acquire 50.1% of Shaanxi Lingjing Topology Digital Technology Co., Ltd. was terminated on 30 October 2026, and the acquisition will not proceed.

The vendor failed to fulfil its obligation to complete certain capital and equity restructuring under the share purchase agreement, so the conditions precedent were not satisfied and the agreement was terminated. The company confirmed the group has not paid and will not pay any consideration under the agreement.

The company said this is a voluntary announcement on its latest business development, and shareholders and potential investors should exercise caution when dealing in its shares.

More on this topic
×
Share to WeChat

Open WeChat, use the "Scan", and share to my Moments.