BRIEF-MDN terminates the heads of agreement with Xinye

Wed May 4, 2016 6:20pm EDT
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May 4 (Reuters) - Mdn Inc

* MDN terminates the HOA with Xinye

* Since company respected all its obligations under HOA it will retain $200,000 payment received earlier this year

* Parties did not succeed in concluding a definitive agreement under terms of HOA Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)