Iclick Interactive Asia (ICLK) has released an update.
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iClick Interactive Asia Group Limited, a prominent marketing cloud platform in China, has announced the cancellation of a merger agreement with TSH Investment Holding Limited and TSH Merger Sub Limited due to their failure to close the deal within the specified timeframe. The company has now exercised its right to terminate the agreement and is demanding a $1.8 million termination fee. This development means that the anticipated merger will no longer proceed.
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