#1
#1 out of 1
business19h ago
Advanced Biomed Signs Supplemental Agreement With Wei Ha Hui
- Advanced Biomed (HK) signs a Supplemental Agreement with Wei Ha Hui adding a debt repayment obligation to the spin-off terms.
- The deal formalizes repayment of intercompany receivables to support an orderly separation.
- Total repayment amount is $6,925,549 to be repaid within one year.
- Board approval for the supplemental agreement was unanimous.
- The agreement relates to Advanced Biomed’s spin-off to Wei Ha Hui.
- The arrangement clarifies intercompany receivables within the spin-off framework.
- Effective dates and durations align with the spin-off timeline.
- Discussions emphasize formalization of debt repayment within the spin-off.
- The summary notes potential reliance on SEC filings for official details.
- TradingView provides latest updates on Advanced Biomed and related parties.
Vote 0