Hadasit Bio-Holdings

Press Releases

Termination of the Non-Binding Letter on Intend

Oct. 26, 2015
                                                                                                           Date: October 26, 2015

To:                                           To:

Israel Securities Authority      Tel Aviv Stock Exchange Ltd. 

www.isa.gov.il                        www.tase.co.il

 

                       

Re: Immediate Report Concerning the Termination of the Non-Binding Letter on Intend 

Further to the Company’s immediate reports dated June 28, 2015 and August 25, 2015 regarding the Company’s signature of a non-binding Letter  of Intent with a Chinese investor and the consent of the parties to extend the term for the formation of a binding agreement until October 26, 2015 (reference no.: 2015-01-057411 and 2015-01-104085, respectively), the Company announces that the parties did not reach a binding agreement, and therefore the Letter  of Intent signed by the parties is no longer in force. However, the parties are continuing to conduct negotiations.

It is clarified that there is no certainty that a binding agreement will be signed and/or the completion of a future transaction by the parties. The Company will provide an immediate report in the event that a binding agreement willbe signed by the parties.

 

 

 

Sincerely,

 

HBL - Hadasit Bio-Holdings Ltd.

By: Ms. Tamar Kfir, CEO

 
 

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