Tritech Group (SGX:5G9) said its proposed placement agreement lapsed after the conditions precedent were not satisfied by the deadline for the first tranche, according to a Thursday Singapore Exchange filing.

The engineering firm said neither party has any further obligations under the agreement, except for any prior breaches.

The proposed placement was first announced on April 2.

Tritech said the prospective investor remains committed to investing in the company, and it may explore entering into a new placement agreement with the investor, subject to regulatory requirements.