BKM Management Limited (ASX:BKM) signed a non-binding term sheet to acquire Zenith Agro Group Pte Ltd on July 28, 2017. BKM will fulfill the consideration by issue new shares to Zenith Agro. The consideration will comprise of 70% ordinary shares, 20% Class A performance shares and 10% Class B performance shares. If Zenith Agro is not able to fulfill its obligations in respect of the condition precedent by March 31, 2018, Zenith Agro will pay AUD 0.2 million as a break fee to BKM. The transaction is subject to BKM’s share consolidation, satisfactory due diligence, completing a capital raising of a minimum of AUD 5 million in connection with the Zenith Agro acquisition, approvals from shareholders of BKM and Zenith Agro and execution of the definitive legally binding share sale agreement. BKM Management Limited (ASX:BKM) cancelled the acquisition of Zenith Agro Group Pte Ltd on November 30, 2018. After extensive due diligence and negotiations, the parties have mutually agreed not to proceed at this time.