China Health Technology Group's (HKG:1069) share placement lapsed as of Friday due to the nonfulfillment of a condition, according to a Monday filing with the Hong Kong Stock Exchange.
The agreement should have seen the issuance of 143 million shares to not less than six investors for about HK$9 million at HK$0.063 apiece.
The lapse of the agreement will not have any material adverse impact on the company, the filing said.
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