Jiayi Holdings (01025) announced that since the prerequisites contained in the old and new placement and subscription agreements did not fall below 20...
According to the Zhitong Finance App, Jiayi Holdings (01025) issued an announcement. Since the prerequisites contained in the old and new placement and subscription agreements were not fully reached or fulfilled on or before April 24, 2024 (that is, the deadline for the placement matters), the placement has expired and will not proceed.
Since the placement will not be carried out, the seller will not subscribe in accordance with the old and new placement and subscription agreements.
The board of directors believes that the lapse of the old and new placement and subscription agreements will not have any significant adverse impact on the company's current operations and financial situation.
The company and the seller are currently discussing the new placement and subscription with the placement agent, but no terms have yet been implemented.