GAOYU FINANCE (08431): Termination of Proposed Joint Venture Agreement

Stock News11-25

GAOYU FINANCE (08431) announced that due to the failure to fulfill one of the conditions specified in the proposed joint venture agreement between its wholly-owned subsidiary, China Bentley Investment Limited, and Mr. Hu Jianyong, the company has decided not to proceed with the agreement. GAOYU FINANCE has notified Mr. Hu of the termination of the proposed joint venture agreement and the transactions contemplated thereunder.

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