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Al-Sorayai cancels MoU with China's Impex Trading

Al-Sorayai cancels MoU with China's Impex Trading
Al-Sorayai Group
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Riyadh-Mubasher: Al-Sorayai Group cancelled a memorandum of understanding (MoU) with China's Impex Trading Co. to acquire Jackson Moquette Co. as no agreement had been reached.

There are no financial obligations resulting from the termination of the agreement, Al-Sorayai said.

The two parties had earlier signed the MoU, and they were set to conduct due diligence.