GSS Energy (SGX:41F) terminated an agreement it had with Hong Kong listed MECOM Power and Construction's (HKG:1183) subsidiary, MUCharging, according to a filing with the Singapore Exchange on Thursday.

The MoU, which was signed through a wholly owned subsidiary, Giken Mobility, led to the formation of a joint venture.

However, the parties involved have now decided to terminate the agreement which is not expected to have any material impact on the group's financial statements for the year ending Dec. 31.