SMIT Holdings Signs Supplemental Agreement for X-Times Stake Sale Deal; Shares up 14%

MT Newswires Live
Sep 30

SMIT Holdings (HKG:2239) said parties involved in the previously announced X-Times equity transfer transaction entered into a supplemental agreement, according to a Tuesday bourse filing.

The supplemental agreement added a third equity buyer and maintained the original terms for the company to fully dispose of its stake in X-Times, in line with shareholders' interests.

Shares were up 14% in Wednesday's early afternoon trading.

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