Sellwin Traders Discontinues Proposed GMIIT Business Association

Sellwin Traders Limited has announced the discontinuation of its proposed business association with Global Market Insights IT Service LLC (GMIIT). The Memorandum of Understanding (MOU) signed on August 21, 2025, aimed to explore a holding and subsidiary relationship. However, following a due diligence process and assessment of commercial viability, the transaction was deemed not commercially viable. Consequently, no definitive agreements were executed, and the MOU has expired. The company confirms no funds were raised, transferred, invested, or deployed, resulting in no financial impact. The proposed transaction is now considered discontinued.