INNOVATIVE PHAR(00399): Subscription agreement terminated

date
11/09/2025
avatar
GMT Eight
Leading Pharmaceuticals Biotechnology (00399) announced that a maximum of 1... each at the subscription price of HK$0.415 per share.
INNOVATIVE PHAR (00399) announced that the sale agreement to sell up to 145 million shares of the company at a sale price of HK$0.415 per share has become invalid as the conditions precedent specified in the sale agreement were not met by September 11, 2025. The sale agent and the company's obligations under the sale agreement are terminated and any party to the agreement cannot make any claims against the other party regarding the sale agreement.