Tritech Group Limited cancelled the acquisition of Moya Asia Limited from Moya Holdings Asia Pte. Ltd.
The deal is subject to Tritech Group receiving reasonable evidence of the completion of the proposed restructuring, Moya Asia Limited will have fully performed or completed all its outstanding projects and will have no assets, save for cash and cash balances not exceeding SGD 300, the commencement of the defects and liability period under the contracts with the Phnom Penh Water Supply Authority in the Kingdom of Cambodia, the change of name of Moya Asia to a name to be agreed between Tritech and Moya Holdings, the scheme becoming effective with the effect that Moya Holdings Asia Pte is the legal and beneficial owner of the sale shares, free from all encumbrances and completion of the conversion of the Company into a private company limited by shares and shareholders' approval of Moya Holdings Asia Pte.
Tritech Group Limited (Catalist:5NL) cancelled the acquisition of Moya Asia Limited (Catalist:5BT) from Moya Holdings Asia Pte. Ltd. on January 1, 2014. The termination of the agreement is not expected to have any material impact on the consolidated earnings per share and/or net tangible assets per share of the Tritech Group for the current financial year ending March 31,
2014.