If completed, the deal would see Chaswood Resources transform from a struggling F&B operator to a lithium-ion battery maker.
Chaswood Resources’ reverse takeover deal with 3DOM Inc has been terminated, just ten days after the sales and purchase agreement was signed on Nov 5.
Under terms of the agreement, Chaswood was to acquire 70% of 3DOM Singapore by issuing new shares worth US$1 billion to Japan based 3DOM Inc.
