“The parties are of the view that the mutual termination is in their respective best interests”.
mm2 Asia has terminated an agreement to dispose of 97.6 million shares in Vividthree Holdings, or 21% of its stake, to Hildrics Asia Growth Fund VCC on Sept 8.
Both parties have mutually agreed to terminate the sale and purchase agreement previously entered into in May due to mm2’s “current circumstances” and the recent market volatility.
