WINTO GROUP (08238): Placing Agreement lapses
Hui Tao Group (08238) announces that due to the conditions stipulated in the placement agreement not being met by November 5, 2025 (i.e.,...
WINTO GROUP (08238) announced that due to the conditions set out in the placement agreement not being fully met by the deadline of November 5, 2025 (the final deadline), the placement agreement has expired and the placement will not proceed. All rights, obligations, and responsibilities of the parties to the agreement will immediately cease and terminate, and the placement agent will be released and relieved of any responsibilities under the placement agreement, with no party able to make any claims against other parties regarding the placement. Any prior breaches or rights and obligations that may have arisen under the placement agreement prior to the termination will be excluded.
The board of directors believes that the expiration of the placement agreement will not have any significant adverse impact on the group's business, operations, and financial condition.
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