Sunrise Shares Extends Cut-Off Date for S$1 Million Acquisition of Fuzhou Tianfujia Industrial to March 2026
Link: https://links.sgx.com/1.0.0/corporate-announcements/UEPW17CHUVJWAEU0/9f43b42d2f4def0cfe8a60fa79000aa9803113356c9fed442edfd9c1b01ca70d
Summary:
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Sunrise Shares is proceeding with its proposed S$1,000,000 acquisition of the entire equity interest in Fuzhou Tianfujia Industrial Co., Ltd., which shareholders approved at an EGM on 19 December 2025
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Under the original 26 September 2025 share sale agreement, all conditions precedent had to be fulfilled by 26 December 2025, but some remain outstanding
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The company and vendors have therefore signed an extension letter dated 23 December 2025 to push the cut-off date back three months to 26 March 2026, with all other SSA terms unchanged
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The board warns that completion still depends on satisfying the conditions precedent and urges shareholders and potential investors to exercise caution when trading the company’s shares and to seek professional advice if unsure