Be Friends Holding Limited has issued a supplemental announcement regarding its previously disclosed acquisition involving the purchase of equity and partnership interests in a target company. The company stated that, following recent communications with its bank, it was determined that the partnership involved in the transaction faces an annual outward remittance limit of RMB5 million, which is significantly less than the original consideration due under the equity purchase agreement. To address this issue, Be Friends Holding Limited and the relevant parties have agreed to amend the structure of the transaction through a supplemental agreement. The company emphasized that these changes do not alter the main commercial objectives of the acquisition.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Be Friends Holding Ltd. published the original content used to generate this news brief on September 25, 2025, and is solely responsible for the information contained therein.
