Picture of Marco Polo Marine logo

5LY — Marco Polo Marine News Story

0.000.00%
sg flag iconLast trade - 00:00
IndustrialsAdventurousSmall CapNeutral

Brief: Marco Polo Marine Enters Proposed Reverse Takeover Transaction

May 15 (Reuters) - Marco Polo Marine Ltd MAPM.SI:

PROPOSED REVERSE TAKEOVER TRANSACTION

CONSIDERATION IS UP TO S$139.0 MILLION

ENTRY INTO BINDING TERM SHEET FOR PROPOSED ACQUISITION BY FUJI OFFSET PLATES MANUFACTURING OF CO'S UNITS

ISSUE PRICE OF EACH CONSIDERATION SHARE SHALL BE S$0.701

TARGET COMPANIES SHALL HAVE RIGHT TO DECLARE DIVIDENDS UP TO S$10.0 MILLION IN AGGREGATE TO VENDOR PRIOR TO COMPLETION

Further company coverage: MAPM.SI

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

Recent news on Marco Polo Marine

See all news