SMIT Holdings Updates Terms for S2C Shanghai Equity Sale
SMIT Holdings Ltd. updates the terms for its equity sale in S2C Shanghai. The revised agreement includes a 20% deposit of RMB 42.3 million to be paid within 10 business days. The board considers the terms fair and beneficial for shareholders. This update was published by SMIT Holdings via the Hong Kong Stock Exchange on December 03, 2025.
SMIT Holdings Ltd. has provided an update regarding its disposal of equity interest in S2C Shanghai. According to the latest supplemental agreement, the entity nominated by the investor, referred to as “the Fund,” will complete the equity transfer. The payment terms have been revised so that a deposit equal to 20% of the total consideration, approximately RMB 42.3 million, will be paid to an entity nominated by S2C Holding within 10 business days after the signing of the supplemental agreement. The company’s board considers the amended terms to be fair and reasonable and in the interests of shareholders as a whole. 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. SMIT Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251203-11942912), on December 03, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
