DRAGON KING GP (08493) Terminates Acquisition of 55% Equity in Focus Aim Investments Limited and Sales Loan

Stock News2025-12-22

DRAGON KING GP (08493) announced the termination of its proposed acquisition of 55% of the total issued share capital of Focus Aim Investments Limited and the associated sales loan.

The Board stated that after careful consideration and negotiations between the buyer, Chi Long International Group Limited (a wholly-owned subsidiary of the company), and the seller, Townfield Limited, regarding the future business direction of the group, the buyer decided not to proceed with the acquisition at this stage. This decision was accepted by the seller.

On December 22, 2025, the buyer and the seller entered into a termination agreement, mutually agreeing to terminate the sale and purchase agreement effective from the date of the termination agreement. Under the terms of the termination agreement, the buyer is required to compensate the seller HKD 20,000 for expenses incurred in connection with the execution of the sale and purchase agreement.

Following the termination, the sale and purchase agreement will cease to have any further effect, except for any breaches of its terms that occurred prior to termination. Apart from the compensation amount, neither party shall have any further claims against the other.

The Board believes that the termination of the acquisition will not have any material adverse impact on the group's business, operations, or financial condition.

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