A Memorandum of Agreement (MoA) between ailing China-based sports shoe manufacturer Maxwell International Holdings Bhd and three shoe players aimed at getting the former back to financial health has been terminated.
In a bourse filing, the Practice Note 17 company said its MoA with Mohd Faizol Abdul Karim, NTH Global Sdn Bhd and Opera Marketing Sdn Bhd to explore ways of bringing the company back into the black had been terminated, but did not provide reasons for the termination