AA Group Holdings has gone into a consent to get the whole issued and paid-up share capital of Engineering Manufacturing Services (S) from Poh Huat Heng Corporation (PHH) for a total thought of $25 million.
AA Group will pay for the obtaining with $7 million in real money, the issuance of $7 million in zero coupon securities and novation to the organization of $11 million obligation attributable to PHH to the objective.
PHH is the holding organization of the objective gathering. PHH is a private restricted organization occupied with the matter of underground link establishment, street restoration administrations and other related exercises.
AA Group says the objective gathering is fiscally solid and productive which will have the capacity to give predictable comes back to the gathering. The proposed obtaining likewise displays a decent open door for the organization to differentiate its business and income stream.
Shares of AA Group last shut 0.1 penny bring down at 4.5 pennies.
SGX Market Hot Stock of the Day:
- WILTON RESOURCES
- SEMBCORP MARINE
- ASL MARINE
So Earn More These Stock are profitable for Intraday & Contra Day Trader.
Our Stock Recommendations :
SGX INTRADAY SIGNAL: BUY ASL MARINE AT 0.158 TARGET 0.164, 0.170 SL 0.152 ….
Get Live Stock Signals with us – www.equityprofit.com
Reference – http://www.theedgemarkets.com.sg