Alpha DX Group (SGX:VVL) said its proposed business acquisition has been scrapped after the deal's term sheet expired on Dec. 15, 2024, according to a Tuesday filing on the Singapore Exchange.
The company signed a deed of release on Feb. 18 with the vendor, Core Expert Holdings, and the target firm, Shanghai Kedong Network Technology, agreeing to return the commitment deposit after deducting certain expenses. Efforts to extend the agreement's duration were unsuccessful. The deal would have resulted in a reverse takeover of the company, according to an earlier filing.
The judicial managers continue to explore other proposals to meet the firm's restructuring objectives.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。