Development Works Food Co. Announces an update on Signing a memorandum of understanding with a seafood restaurant company to acquire 100% of the company's shares
| Element List | Explanation |
|---|---|
| Introduction | Reference to the company’s announcement of Development Works Food Co. on 07-10-1442 AH corresponding to 19-05-2021AD regarding signing a memorandum of understanding with the Seafood Restaurant Company to acquire 100% of the company’s shares in return for issuing shares in Development Works Food Co.
Development Works Food Co. announces the expiration of the memorandum of understanding concluded with a seafood restaurant company, due to the failure to reach an agreement between the two parties. |
| Previous Announcement | Signing a memorandum of understanding with a seafood restaurant company to acquire 100% of the company's shares |
| Date of Previous Announcement on Tadawul's Website | 2021-05-19 Corresponding to 1442-10-07 |
| Percentage of fulfilled achievement | NOT APPLY |
| Event's Expected Completion Date | The event ended on the date of the announcement |
| Reasons for Exceeding the Announced End Date | NOT APPLY |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no financial impact on the company's listings and there are no costs associated with the event. |
| Impact of the Delay on the Company's Financial Results | NOT APPLY |
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