“While we had hoped to create significant synergies through the proposed merger, based on the current climate, we believe that our independent paths offer a more favourable strategy to create value and growth. We want to extend our sincere gratitude to all those involved in the merger discussions for their efforts, hard work, and dedication throughout this process. We also want to acknowledge the support and patience of our respective stakeholders during this period of evaluation and negotiation,” said
“In concluding this chapter, we wish all parties involved the very best. We are confident that each of our companies will continue to thrive and contribute positively to our respective industries and communities,” added
Cautionary Statement Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of WTMAC.
Investor Contact:
chris@welsbach.sg
Source:
2023 GlobeNewswire, Inc., source