Brief: APAC Realty To Acquire Additional 22% Stake In Era Vietnam
09/01/2023 09:26
Jan 9 (Reuters) - APAC Realty Ltd APAC.SI :
* TO ACQUIRE CONTROLLING STAKE IN EACH OF ERA VIETNAM REAL
ESTATE
JOINT STOCK COMPANY & EUROCAPITAL JOINT STOCK COMPANY
* ACQUISITION FOR TOTAL PURCHASE PRICE OF S$4.9 MILLION
* WILL PROVIDE A SHAREHOLDER LOAN OF S$1.5 MILLION TO ERA VN
* ACQUISITION BY INCREASING ITS CURRENT 38% STAKE IN ERA
VIETNAM
REAL ESTATE JOINT STOCK CO AND EUROCAPITAL JOINT STOCK CO TO 60%
* EARN-OUT INCENTIVE ON DEAL OF UP TO S$10.5 MLN
Source text for Eikon: ID:nSN9TLKjd
Further company coverage: APAC.SI
((Reuters.Briefs@thomsonreuters.com;))
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