CANNY Elevator terminates the sale of all equity interests in its wholly-owned subsidiary

Zhitong
2025.09.01 09:41
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CANNY Elevator announced the termination of the equity acquisition contract with Zhongshan Xiwai Construction Investment Co., Ltd. The reason is that the counterparty failed to obtain all necessary approvals within the agreed timeframe, resulting in Suzhou Xinda not receiving the first phase transfer payment. According to the supplementary agreement, the contract is automatically terminated, and all parties bear no liability for breach of contract