Beaver Group Company Limited cancelled the acquisition of Tiger Faith Holdings Limited.
completion. Financial results of the Tiger Faith Holdings Limited will be consolidated into the financial statements of Beaver Group (Holding) Company. For year ended March 31, 2022, Tiger Faith Holdings Limited reported revenue of HKD 2.1 million and loss after taxation of HKD 2.9 million. The transaction is subject to approval of shareholders of Beaver Group (Holding) Company, due diligence, regulatory approvals from the Securities and Futures Commission of Hong Kong and all other approvals, consents and acts required for the Purchaser entering into or executing the transactions under the Acquisition Agreement being obtained and completed including but not limited to the listing of and permission to deal in the Conversion Shares having been granted by the Stock Exchange. Completion shall take place on a date agreed by the Purchaser and the Vendors after the date of fulfilment of the Conditions Precedent. If the Conditions Precedent are not fulfilled on or before March 31, 2023 (or other date as the parties may agree), the acquisition agreement shall lapse.
Beaver Group (Holding) Company Limited (SEHK:8275) cancelled the acquisition of Tiger Faith Holdings Limited on December 12, 2022.