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Tritech Group Ltd termination of MOU in relation to proposed acquisition of 49 pct equity interest in Jining Zhongshan Public Utility Water Company Limited

Friday, 22 Aug 2014 05:24am EDT 

Tritech Group Ltd:Board of Directors of Tritech Group Limited refers to announcement dated April 14 in relation to memorandum of understanding (MOU).Board announces that company has today formally informed Shandong Jining that it will not be pursuing further discussions relating to proposed acquisition of 49 pct equity interest in share capital of Target, and hence MOU, which was non-binding, will be deemed terminated with immediate effect.Decision not to pursue proposed acquisition was made after due diligence work was carried out by company.Shareholders or potential shareholders are advised to consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers if they have any doubt about the actions they should take. 

Company Quote

0.0010 +0.73%
19 Dec 2014