SEATech Ventures terminates acquisition of Just Supply Chain Limited; shares returned

SEATech Ventures Corp.

On May 6, 2024, SEATech terminated the July 12, 2023 Acquisition Agreement to acquire 100% of JSCL.
Original deal valued JSCL at $17,465,328, with 21,831,660 SEAV shares ($0.80/share) as consideration.
Board decided to terminate on March 27, 2024 due to unresolved outstanding matters by JSCL.
Deed of Mutual Termination returns all JSCL shares to vendors and all 21,831,660 SEAV shares to the company.
No consideration paid or received; both parties released from further obligations under the agreement.

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