Sino Grandness Revises Garden Fresh Disposal Terms in Second Supplemental Agreement

Reuters

Feb 27

Sino Grandness Revises Garden Fresh Disposal Terms in Second Supplemental Agreement

Sino Grandness Food Industry Group Ltd. has amended the terms of its proposed disposal of Garden Fresh Beverage Group Co., Ltd. under a second supplemental agreement signed on 26 February 2026. The revision reduces the debts to be novated and offset against the purchase consideration to RMB111.5 million from RMB118.7 million by excluding RMB7.2 million owed by two Garden Fresh entities, and updates the payment schedule so that RMB85 million will be offset at completion, with the remaining outstanding debts of RMB26.5 million to be offset alongside the first deferred tranche one year after completion. The total consideration remains unchanged at RMB850 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sino Grandness Food Industry Group Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: AZ9S8ID6XO3MZDE5) on February 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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ID: AZ9S8ID6XO3MZDE5) on February 27, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGXZ27511609.SGD","symbol_name":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260227:nNDL2cD53q:1","article_id":"2614839170","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2614839170","pubTimestamp":1772186578,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Sino Grandness Food Industry Group Ltd. has amended the terms of its proposed disposal of Garden Fresh Beverage Group Co., Ltd. under a second supplemental agreement signed on 26 February 2026. 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The revision reduces the debts to be novated and offset against the purchase consideration to RMB111.5 million from RMB118.7 million by excluding RMB7.2 million owed by two Garden Fresh entities, and updates the payment schedule so that RMB85 million will be offset at completion, with the remaining outstanding debts of RMB26.5 million to be offset alongside the first deferred tranche one year after completion. The total consideration remains unchanged at RMB850 million.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sino Grandness Food Industry Group Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: AZ9S8ID6XO3MZDE5) on February 27, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}