EuroSports Global (SGX:5G1) said negotiations for a proposed strategic joint venture with Helios Power Systems to explore international distribution of heavy-duty commercial vehicles ended without a definitive deal.
The parties were unable to agree on final commercial terms following preliminary review and discussions, hence the proposed transaction will not proceed, according to a Tuesday filing.
The cessation is not expected to have a material financial impact on the group for the financial year ending March 31, 2027.
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