TK GROUP HLDG: Termination of Acquisition of Land Parcel in Vietnam
TK GROUP HLDG announced the termination of the acquisition of a land use right for the Phuc Dien Extended Industrial Park in Hai Duong Province, Vietnam. Due to changes in the tariff situation between Vietnam and the group's partners, the group's business direction has been adjusted. Both parties signed the termination agreement on August 20, 2025, officially ending the letter of intent
According to the announcement from Dongjiang Group Holdings (02283), its wholly-owned subsidiary CÔNG TY TNHH TK PRECISION TECHNOLOGY HỒNG KÔNG VIỆT NAM (Dongjiang Precision Technology Hong Kong (Vietnam) Co., Ltd.) intends to acquire the land use rights for a plot of land located in Phuc Dien Extended Industrial Park, Hai Duong Province, Vietnam.
Due to the impact of the tariff situation between Vietnam and the group's partners around the world, the group's business direction has changed, leading to the decision to terminate the letter of intent. On August 20, 2025, both parties signed a termination agreement, officially terminating the letter of intent
