AOM INT'L (00381) has announced the termination of its strategic cooperation agreement with Yalu Cloud.
According to a company filing, the decision was made because the two parties were unable to reach further consensus on key terms of the proposed collaboration. Both sides agreed to end the agreement on August 5, 2026, after the market close.
As a result of the termination, all negotiations under the strategic cooperation agreement have been halted, and no binding formal agreement was ever executed between the parties. The company's board stated that the termination is not expected to have any material adverse impact on the group's current operations or financial condition.
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