Brief: Ifast Corporation Proposes Acquisition Of And Investment In BFC Bank Limited

iFAST

07/01/2022 01:27

Jan 7 (Reuters) - IFAST Corporation Ltd  IFAS.SI :
    * PROPOSED ACQUISITION OF AND INVESTMENT IN BFC BANK LIMITED
    * ENTERED INTO AGREEMENT WITH EAGLES PEAK HOLDINGS , BFC
GROUP AND
INDIVIDUAL
    * CO ENTERED IN SHAREHOLDERS' AGREEMENT FOR EPHL TO GOVERN
SHAREHOLDERS' ARRANGEMENTS WITHIN EPHL
    * UNDER SUBSCRIPTION AGREEMENT CO WILL SUBSCRIBE FOR 1.7
MILLION 
SHARES OF EPHL FOR A TOTAL INVESTMENT AMOUNT OF S$73.4 MILLION

Source text for Eikon:  ID:nSN9vGBdf 
Further company coverage:  IFAS.SI 

 ((Reuters.Briefs@thomsonreuters.com;))