other material
confidence high
sentiment negative
materiality 0.50
DSS acquisition of HWH World terminated after term sheet expired without definitive agreement
DSS, INC.
- Binding term sheet announced January 6, 2021, to acquire all equity of South Korea's HWH World.
- No definitive agreement was executed; term sheet expired automatically per its terms.
- Acquisition of HWH World from Alset International and HWH Pte. Ltd. is abandoned.