FilingReader Intelligence
Tatfook seeks CNY 55.7m buyback after acquisition fails
August 4, 2025 at 09:22 AM UTC•By FilingReader AI
Tatfook's subsidiary acquired medical device and data system solutions from Beijing Xintianzi Education Technology for CNY 49.5 million in 2020, with a buyback clause if revenue targets weren't met within three years.
Despite a three-year extension in 2022, cumulative revenue by June 2025 fell short of agreed amounts. Tatfook Smart Healthcare has filed a lawsuit seeking a buyback of CNY 55.7 million including interest.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
SZSE:300134•Shenzhen Stock Exchange
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