Brief: Ohmyhome Announces Acquisition Of Simply Sakal, Singapore Tech-Enabled Property Management Company, Creating Property “Super App”

Ohmyhome

11/10/2023 13:47

Oct 11 (Reuters) - Ohmyhome Ltd  OMH.O :
    * OHMYHOME LTD. ANNOUNCES ACQUISITION OF SIMPLY SAKAL, A
LEADING
SINGAPORE TECH-ENABLED PROPERTY MANAGEMENT COMPANY, CREATING
PROPERTY “SUPER APP”
    * OHMYHOME LTD - PROPOSED DEAL FOR A CONSIDERATION OF
APPROXIMATELY S$4.7 MILLION
    * OHMYHOME LTD - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO
OHMYHOME'S REVENUE GROWTH AND EARNINGS IN 2024, FIRST FULL YEAR
AFTER ITS CLOSE
    * OHMYHOME LTD -  TRANSACTION IS EXPECTED TO LEAD TO A
POSITIVE
EBITDA IN 2025 UPON REALIZATION OF SYNERGIES

Source text for Eikon:  ID:nGNXb0Pchr 
Further company coverage:  OMH.O 

 ((Reuters.Briefs@thomsonreuters.com))