<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 14):&nbsp;Theta Edge Bhd (KL:<a href="/askedge/klse/9075" class="ce-stock" target="_blank">THETA</a>) said its subsidiary’s joint venture (JV) deal with a data-science company to develop artificial intelligence (AI) and blockchain solutions has been terminated.</p></div>

<div class=newsTextDataWrapInner><p>The telecommunications and technology company said its wholly owned unit Theta Innovation Sdn Bhd (TISB) and iStream360 Sdn Bhd have mutually agreed to terminate the JV agreement entered on Nov 21 last year.</p></div>

<div class=newsTextDataWrapInner><p>“The board, having considered all aspects of the mutual termination, is of the opinion that the mutual termination is in the best interest of Theta,” the company said in a filing with the exchange on Tuesday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Theta said that terminating the agreement would not incur any costs, and would have no legal implications for the company.</p></div>

<div class=newsTextDataWrapInner><p>TISB and iStream360 had inked the JV agreement with the intention of forming a new firm on a 51:49 basis, to identify future projects in AI, blockchain, and advanced system development, which would benefit both companies.</p></div>

<div class=newsTextDataWrapInner><p>Shares of the Main Market-listed company settled down four sen or 2.99% at RM1.30 on Tuesday, valuing the company at RM153.36 million.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/734960" target="_blank">Theta Edge to form JV with iStream360 to develop AI, blockchain solutions</a></em></p></div>


Theta Edge Bhd (KL:THETA) said its subsidiary’s joint venture (JV) deal with a data-science company to develop artificial intelligence (AI) and blockchain solutions has been terminated.

Theta Edge calls off JV agreement to develop AI, blockchain solutions

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