Brief: Rowsley To Buy Sasteria For S$1.6 Bln

Thomson Medical

18/12/2017 02:43

Dec 18 (Reuters) - Rowsley Ltd  ROWS.SI : 
    * ENTERED INTO A BINDING ACQUISITION AGREEMENT WITH LIM ENG 
HOCK 
TO ACQUIRE 100% OF SASTERIA PTE LTD 
    * ANNOUNCES  S$1.6 BILLION ACQUISITION OF THOMSON MEDICAL 
AND TMC 
LIFE SCIENCES 
    * CONSIDERATION WILL BE SATISFIED THROUGH 21.3 BILLION NEW 
ROWSLEY SHARES AT ISSUE PRICE OF S$0.075 PER SHARE 
    * IF ALL BONUS WARRANTS & PIGGYBACK WARRANTS ARE EXERCISED, 
CO 
WILL RECEIVE S$850 MILLION & S$1,130 MILLION OF PROCEEDS 
RESPECTIVELY 
 
Source text for Eikon:  ID:nSNZ5TwGXG  
Further company coverage:  ROWS.SI  
 
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