SGX Stock Tips : ISR Capital to acquire REO Magnetic’s remaining 40.1% stake in Tantalum Holding for $26.73 mil

SINGAPORE (July 1): ISR Capital has entered into a second sale and purchase agreement with REO Magnetic to acquire its remaining 40.1% stake in Tantalum Holding for a purchase consideration of $26.73 million.

The purchase consideration will be wholly satisfied by the issue of new ISR Capital shares to REO Magnetic at 10 cents each.

Shares of ISR Capital last traded at 9.2 cents.

To recap, ISR Capital had agreed to acquire 19.9% of shareholding in Tantalum Holding on June 10.

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