Starland Holdings fails reverse takeover of Ayondo Holdings
Conditions of the deal were not fulfilled.
Starland Holdings fails the reverse takeover of fintech and social trading firm Ayondo Holdings.
According to an announcement, the conditions needed for the placement have not been fulfilled or waived by 23 September 2017.
Moreover, the companies did not agree to an extension of time for the agreement.
Starland Holdings has spent about $2.5m during the proposed acquisition.
The termination of the agreement is not expected to affect company performance for the year.