termination

Company in the news

ZICO Capital will no longer sponsor Sinocloud after Feb 25

The notification was due to commercial reasons, says Sinocloud.
Hong Lai Huat terminated joint venture to explore and mine mineral resources in Cambodia - THE EDGE SINGAPORE

Company in the news

Hong Lai Huat terminates joint venture to explore and mine mineral resources in Cambodia

Hong Lai Huat and HSC Group mutually end JV agreement to explore and mine mineral resources in Cambodia.

Contracts

Keppel and Awilco Drilling part ways on construction of mid-water harsh environment rig contract worth US$425 mil

Keppel FELS has received a notice from Awilco Drilling’s wholly-owned subsidiary Awilco Rig, to terminate a contract to build a mid-water semisubmersible drilling rig for harsh environment use, on Monday.

M&A

Global Invacom cancels $280 mil acquisition of Tactilis due to 'difficulties' meeting agreement terms

SINGAPORE (April 22): Global Invacom, has cancelled its proposed US$200 million ($280 million) acquisition of Tactilis due to “difficulties in fulfilling all of the conditions precedent” in the sale purchase agreement (SPA) it signed with the vendor l

M&A

Singapore Myanmar Investco's sale of TPR Myanmar crumbles over unmet terms

SINGAPORE (April 8): Singapore Myanmar Invesco’s (SMI) intended sale of its telecommunication infrastructure subsidiary, TPR Myanmar, to Tiger Infrastructure for US$10.8 million ($14.4 million) has fallen through after the latter failed to fulfil terms

Management & Corporate Governance

Pine Capital hit by allegations of control lapses, conflict of interest; requests trading suspension

SINGAPORE (Mar 22): Pine Capital Group’s board of directors have asked for a trading suspension with immediate effect.
Oxley's potential $950 mil deal falls through after Gracious Land defaults on $38 mil deposit

Property

Oxley's potential $950 mil deal falls through after Gracious Land defaults on $38 mil deposit

SINGAPORE (Mar 20): Oxley Gem, a subsidiary of Oxley Holdings, has terminated the letter of intent (LOI) it received from Gracious Land in Jan for the $950 million purchase of its Mercure and Novotel hotels, after not receiving a subsequent deposit of $38

Update

Second potential offeror rescinds expression of interest to acquire Procurri less than 24 hours later

SINGAPORE (Feb 8): Procurri Corporation says the second potential offeror to express interest in acquiring the company after New State Capital Partners LLC has now decided to terminate further discussions on the matter.

Property

HLH Group scraps $16 mil sale of D'Seaview Hotel on payment issues

SINGAPORE (Dec 12): Hong Lai Huat Group (HLH Group) is terminating its $15.7 million sale of D’Seaview Hotel, a component of the group’s mixed-use development project in Cambodia.

Addvalue Technologies aborts share placement agreement with KGI Securities

SINGAPORE (June 19): Addvalue Technologies and KGI Securities (Singapore) have mutually agreed to terminate with immediate effect the placement agreement announced on April 30.
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