Asia
BBR Holdings' Acquisition Deal for iMax SG Ventures Falls Through
BBR Holdings (SGX:KJ5) says conditions in a sale and purchase agreement signed by its subsidiary, Alika PBSA Holdings, in connection with the acquisition of iMax SG Ventures, have not been fulfilled, according to a Wednesday filing with the Singapore Exchange.Due to circumstances beyond the company's control, the SPA has lapsed and will cease to have further effect.Following the lapse of the agreement, the parties will not have any claim against each other.Earlier, Alika PBSA had signed an agreement to acquire a student accommodation property leased out by iMax SG Ventures for SG$32 million.
SGX:KJ5
