A-Living revises acquisition terms, payment schedule for November 6 deal
A-Living Smart City Services Co., Ltd. announced a revision to the terms of its acquisition, as detailed in a supplemental framework agreement and a supplemental agreement dated November 6, 2025. These revisions alter the schedule for consideration payment and the completion of the acquisition initially announced on September 29, 2025.
Under the new terms, the net consideration for the acquisition will be payable by the purchaser on or before March 31, 2026, contingent on the acquisition's completion. The deadline for share transfer registration and business registration is now set for on or before December 31, 2025. Furthermore, any consideration received by Agile Holdings will be used to repay the group's receivables from Agile Group within 10 days of receipt.
The company's directors believe these revisions are fair, reasonable, and in the best interests of the company and its shareholders, as they aim to mitigate legal and financial risks and provide sufficient time for administrative procedures. Board members Mr. Chan Cheuk Hung and Mr. Chen Siyang abstained from voting on these resolutions due to material interests.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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