Brief: MBH Corporation PLC Acquires Learning Wings PTE Ltd.

MBH

30/06/2020 09:48

June 30 (Reuters) - MBH CORPORATION PLC  M8H.DE :
    * FURTHER BOOSTS ITS EDUCATION VERTICAL WITH ACQUISITION OF
LEARNING WINGS PTE LTD.
    * MBH IS EXPANDING ITS PORTFOLIO EVEN FURTHER WITH 100%
ACQUISITION OF LEARNING WINGS PTE LTD (LEARNING WINGS)
    * CONVERTIBLE NOTES WILL BE USED TO SETTLE PURCHASE
CONSIDERATION
    * ESTIMATED TOTAL CONSIDERATION IS APPROXIMATELY SGD1.4M
(WHICH
INCLUDES ACQUISITION OF A COMMERCIAL PROPERTY WORTH
APPROXIMATELY SGD0.4M).
    * CONVERTIBLE NOTES WILL BE USED TO SETTLE PURCHASE
CONSIDERATION
    * CONVERTIBLE NOTE WILL CONVERT INTO MBH SHARES AT LOWER OF
30 DAY
VOLUME WEIGHTED PRICE PRECEDING CONVERSION DATE OR EUR 1 PER
SHARE
    * ACQUISITION IS SUBJECT TO REGULATORY APPROVALS FROM
MINISTRY OF
EDUCATION, SINGAPORE

Source text for Eikon:  ID:nEQ8ynW7Ja 
Further company coverage:  M8H.DE 

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