Brief: Blumont Group Announces Proposed Acquisition Of Mendol Investments

Southern Archipelago

01/10/2021 16:02

Oct 1 (Reuters) - Blumont Group Ltd  BLUM.SI :
    * ANNOUNCES PROPOSED ACQUISITION OF MENDOL INVESTMENTS PTE.
LTD.
AND HINAKO INVESTMENTS PTE. LTD.
    * ANNOUNCES PROPOSED ACQUISITION OF 60% OF PRIME HOLDINGS,
ENGGANO
INVESTMENTS & MESAWAK INVESTMENTS
    * DEAL FOR AGGREGATE CONSIDERATION OF S$78.4 MILLION
    * DEAL TO BE SATISFIED VIA ISSUE OF 15.67 BILLION NEW SHARES
IN
CAPITAL OF CO AT S$0.005 PER NEW SHARE

Source text for Eikon:  ID:nSN4gVFrx 
Further company coverage:  BLUM.SI 

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