Sheffield Green (SGX:SGR) said that the company had received a refund of a deposit of around 200,000 pounds following the lapse of a term sheet in connection with the acquisition of Advanced Blade Repair Services, according to a Friday filing with the Singapore Exchange.

Shares of the human resource services provider were down over 2% in Monday trade.

The agreement lapsed after the parties involved failed to enter a sales and purchase agreement as at the expiry of the extended exclusivity period on Nov. 30.

Sheffield Green, through its subsidiary, Wind Asia Training, had agreed to acquire Advanced Blade in April this year. It had also made a refundable deposit of 200,000 pounds as part of the exclusivity period clause under the agreement.

Based in UK, Advanced Blade provides wind energy training solutions domestically.