The judicial managers for Epicentre Holdings announced that the implementation agreement entered into with KOSDAQ-listed Kossen Co and Tardis Capital for the proposed transfer of the company’s listing status has been terminated.

Under the agreement, which was originally announced in July 2020, Epicentre Holdings would transfer its listing status on the Catalist board of the Singapore Exchange Securities Trading Limited (SGX-ST) to an entity to be incorporated in Singapore at a consideration of $3 million.

In a filing to SGX dated March 11, the judicial managers stated that the implementation agreement was terminated due to Kossen and Tardis’ failure to obtain pre-clearance for the transaction from SGX-ST, with no updates forthcoming since October 2020.

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