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The joint venture agreement between CENTRALWEALTHGP and FMC Cayman has been terminated.
CENTRALWEALTHGP (00139) issued a statement regarding the establishment of a joint venture with FMC Cayman. As disclosed in the announcement dated May 8, 2024, the completion of the joint venture agreement is subject to the fulfillment of certain conditions by December 31, 2024 (or another later date as mutually agreed in writing by the contracting parties) (the final deadline). If the conditions are not met by the final deadline or earlier, the joint venture agreement will terminate. Since the conditions have not been fulfilled by the final deadline, and the contracting parties have no intention to extend the final deadline, the joint venture agreement will terminate.
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