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Lifebrandz terminates planned reverse takeover of mining firm
Published Fri, Nov 18, 2016 · 09:50 PM
Singapore
FINANCIALLY beleaguered Lifebrandz Ltd has terminated a proposed reverse takeover of an industrial-grade garnet mining company in Inner Mongolia in favour of another deal.
In an exchange filing on Friday evening, the former nightlife entertainment behemoth said that the term sheet has been terminated by mutual agreement by both parties, but did not disclose the reason.
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