REMT terminates the supply offering and underwriting agreement
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REMT announced the termination of the rights issue and underwriting agreement, as the company's share trading price fell from HKD 0.196 on November 19, 2024, to HKD 0.097 on December 19, a decline of approximately 50.5%. The underwriters believe that the success of the rights issue will be significantly affected, thus the agreement is fully terminated. After the termination, all parties' obligations end, and the rights issue becomes invalid. The company stated that this termination will not have an immediate significant impact on its business operations or financial condition and will seek other financing methods
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