Asia-Pacific Strategic Investments terminates sale agreement to purchase Taiwanese sustainable data solutions provider

However, the group has since announced that the sale has not materialised “due to unforeseen circumstances”. 

Under the conditions of the SPA, the agreement was automatically terminated on Oct 2 and is of no further force or effect. 

The termination of the SPA is not expected to have any material impact on the consolidated net tangible assets or earnings per share of the group for the financial year ending June 30, 2025.

The group adds that it will “continue to explore opportunities with other parties”. 

See also: Top Malaysian phone firm is said to seek adviser for Edotco sale

Shares in Asia-Pacific Strategic Investments closed flat at 0.1 cents on Oct 2.