Broadway Industrial agrees to partial payment in precision tool company acquisitions

All parties have agreed to pay 60k of the deferred cash payment upon signing.

Broadway Industrial Group Limited announced that it has reached a supplemental agreement related to its proposed acquisition of a 51% stake in Shenzhen Zhuoluoyu Precision Tool Co., Ltd. (ZSZ) and ZLY Precision Tool (Thailand) Co., Ltd (ZTH).

In a filing, the company said all parties have agreed to pay $60k (RMB3.3m) of the deferred cash payment upon signing the supplemental agreement on 31 October 2025. The remaining deferred payment of $1.22m (RMB6.7m), along with accrued interest of $153.46k (RMB840k), will be settled on the deferred cash payment date.

Broadway Industrial said all other provisions of the ZTH sale and purchase agreement remain unchanged.

The company had previously disclosed details of the acquisition in announcements dated 5 August and 25 September 2025.

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