However, the group has since announced that the sale has not materialised “due to unforeseen circumstances”.
Singapore Exchange (SGX)-listed real estate developer, Asia-Pacific Strategic Investments (SGX:5RA
) has terminated its sale and purchase agreement (SPA) for the acquisition of a 100% stake in Mobii Genius Co., Ltd.
On April 2, the group entered into a conditional SPA with Mobii Genius’ parent company, Mobii Green Energy to acquire Mobii Genius for a purchase consideration of US$150 million ($201 million).
