Sunny International terminates acquisition of spectacle frames

On the 13th of the month, according to a report from Caihua News Agency, Sunny International (01046) announced that its wholly-owned subsidiary, Hong Kong Entertainment Culture, did not enter into a formal agreement to trade the equity of the target company during the exclusive period. As a result, the company issued a termination notice, and the memorandum of understanding was immediately ended. The Group stated that this development has no material adverse impact on its operations. Earlier, the Group had announced the signing of a non-binding memorandum of understanding to acquire all or part of the equity in the Target Company. The Target Group is primarily involved in the production, supply, and distribution of spectacle frames and other optical products. This information was sourced from the China Optical Frame Trading Network. If you're interested in learning more about the optical industry or exploring potential business opportunities, feel free to try for a free trial today. Stay updated with the latest market trends and developments in the optical sector.

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