Dawei Corporation: Adjusts foreign investment trading agreement, price reduced to 4 million euros.

date
14/05/2026
Dawei Group announced that on March 23, 2026, its wholly-owned subsidiary, Dawei Chemicals, intends to purchase the land and factory of Italian G.P.S.R.L. for 5 million euros. As of the date of the announcement, 1 million euros have already been paid. After negotiation, the transaction price has been adjusted to 4 million euros, with the final payment plan to be made by May 30, 2026. This adjustment has been approved by the board of directors and does not constitute a major asset restructuring or related party transaction. The adjustment is beneficial for cost reduction, but the transaction still carries risks such as approval, operation, and exchange rate fluctuations.