Hektar Real Estate Investment Trust (KLSE:HEKTAR) terminated the proposed acquisition of Terramark, after the vendors failed to fulfil several key conditions precedent, according to a Friday filing.
In June 2025, the REIT proposed to acquire a 90% stake in Terramark for 26 million ringgit in cash.
The trust said it had fulfilled its own obligations under the agreement within the conditional period.
The termination is not expected to have a material impact on the company, it said.
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