Brief: LH Group entered into a term sheet with PSD Holdings

Pacific Star Development

03/03/2016 04:18

March 3 (Reuters) - LH Group Ltd  LHGL.SI : 
 * Says on 3 March 2016 entered into a term sheet ("term sheet") with Psd 
Holdings pte. ltd. 
 * Says proposed acquisition, if undertaken and completed, is expected to result 
in a "reverse takeover" of the company 
 * Agreement to acquire 100% of the shares in the entire issued and paid-up share capital of pacific star development pte. ltd 
 * Shall, after completion of proposed acquisition, acquire 100% of shares in 
target from vendor for aggregate consideration of s$140 million 
 * Deal will "potentially" provide a regular and growing revenue stream 
 * Company shall raise between s$6 million to s$10 million in cash 
 
 * Source text for Eikon  ID:nSNZ58XLjz  
 
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