Malacca Straits Acquisition and Asia Vision Network, the holding company for Vision+ and MNC Play announced in an 8-K filing that they have mutually agreed to terminate the business combination agreement made in March.
Malacca Straits CEO Kenneth Ng said, “various unforeseen circumstances beyond the control of either party” precluded completion of the merger.
The deal had valued the combined comanies at $573 million. Read more.
