Senterra Energy said its plans to acquire Oasis Smart Sim Pte Ltd have terminated by that company. It believes a replacement transaction will be found. Its shares have been restored to trading.
"The board is disappointed that Oasis have chosen to withdraw from the transaction at this late stage," said Senterra in a statement.
"However, the Directors believe that there continues to be other attractive businesses and technologies available for acquisition.
"The board believes that a replacement transaction will be found and hopes to be in a position to update shareholders in the near future."
At 9:40am: (LON:SEN) Senterra Energy Plc Ord Gbp0.01 share price was -1.75p at 2.5p