sis int'l (00529.HK) recently announced that its wholly-owned subsidiary SiS Distribution has acquired 100% of the issued shares of OneT Solutions, at a price of 4.165 million Singapore dollars (equivalent to approximately 24.99 million Hong Kong dollars).

Today (13th), sis int'l issued a statement regarding the above trade, stating that due to the preconditions agreed upon in the acquisition not being met by the completion date, after careful consideration by the company and negotiation among the parties involved in the acquisition, the buyer and seller have unanimously agreed to terminate the acquisition.

sis int'l also revealed that as of today (13th), no payment has been made to the seller, and the shares of OneT Solutions for sale have not been delivered.