SIWI SCI & TECH (01202): Termination of the sale of all shares in Putian New Materials through public listing.
Fourway Technology (01202) announced that it has received no bids for the potential sale of the company's entire equity in Putian New Materials through a public bidding process as of the date of this announcement (i.e., the date on which the extended public bidding period expires). Therefore, the potential sale has become void and has been terminated as of the date of this announcement.
SIWI SCI & TECH (01202) announced that, regarding the potential sale of the company's entire equity in Putian New Materials through a public tendering process, no bids have been received as of the date of this announcement (which is the date on which the public tendering period was extended and has now expired). Therefore, the potential sale has become invalid and has been terminated as of the date of this announcement.
The Board of Directors believes that the termination of the potential sale will not have any significant adverse effect on the Group's financial position or business operations. If the company decides to proceed with the sale of its equity through a public tendering process, it will issue an announcement in due course in accordance with the listing rules.
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