Brief: Advanced Holdings updates on proposed acquisition of new business

Advanced Holdings

22/01/2017 23:05

Jan 23 (Reuters) - Advanced Holdings Ltd  ADVA.SI  
    * Proposed acquisition from Hoch Ventures Ltd, Vertex DG PTE 
Ltd, Hery Hermawan Herijanto and family members 
    * Purchase consideration for target shares shall be based on 
target value of S$180 million to S$240 million to be determined 
subject to negotiations 
    * Entered into a non-binding term sheet in relation to 
proposed acquisition of entire equity interest  in agricore 
global and units 
 
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