Brief: MAX Automation To Terminate Deal With JV Partner In China
19/09/2019 16:57
Sept 19 (Reuters) - MAX Automation SE MXHNn.DE :
* SAYS SUPERVISORY BOARD DECIDES TO TERMINATE INVESTMENT
AGREEMENT
WITH JOINT VENTURE PARTNER ROGER LIUJIE IN CHINA
* SAYS SUPERVISORY BOARD CONSIDERING TO TAKE LEGAL ACTION
AGAINST
ROGER LIUJIE UP TO EXTENT OF A COMPLETE REVERSAL OF TRANSACTION
BASED ON INVESTMENT AGREEMENT DATED FEBRUARY 2018
* SAYS ACQUISITION OF MAJORITY STAKE IN CHINESE ENGINEERING
COMPANY SHANGHAI CISENS AUTOMATION CO, LTD. WOULD BE
RETRANSFERRED
Source text for Eikon: ID:nEQPkyLxa
Further company coverage: MXHNn.DE
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