Brand Marvel Worldwide Consumer Products Corporation cancelled the acquisition of Julin Quat Biology Engineering Ltd.
As of October 3, 2011, Brand Marvel Worldwide Consumer Products completed the legal due diligence of Julin Quat Biology Engineering and started to negotiate final terms of the acquisition agreement. As of January 9, 2012, the payment terms were changed to cash by installments. As of May 29, 2012, finalization of the terms of acquisition of Julin Quat Biology Engineering Ltd. has been deferred due to the delay in obtaining the formal approval for production of liquid cleansing and disinfectant products on the second floor of our new factory.
Brand Marvel Worldwide Consumer Products Corporation (TSXV:BMW) cancelled the acquisition of Julin Quat Biology Engineering Ltd. on May 29, 2013.