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Last Trade - 20/11/14

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BRIEF-Raffles Capital to acquire Singapore forex training and raw data provider

Mon 4th April, 2016 12:50am
April 4 (Reuters) - Raffles Capital Ltd  RAF.AX : 
 
 * To acquire Singapore forex training and raw data provider  RAF.AX  
 * Acquisition price A$4 million - script only 
 * Says company will need to issue a prospectus to raise up to A$1.5 million via 
   a public offer 
 * Agreed to acquisition of six capital (fx trading) pte ltd, Singapore (six 
   capital) (acquisition) from Mr Patrick Teng (Vendor) 
 * Six capital forecast EBITDA for FY 2015 is sgd$0.6 million, growing to 
   sgd$2.6 million for FY 2016 and sgd$7.8 million in FY 2017 
 * Source text for Eikon  urn:newsml:reuters.com:*:nASX2Z4qjC 
 
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