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An announcement from Aspial Corporation Limited ( (SG:A30) ) is now available.
Aspial Corporation Limited, through its special purpose vehicle AFG Investment Pte. Ltd., has announced a proposed acquisition of all issued ordinary shares in AF Global Limited, excluding certain shares held by existing major shareholders. The acquisition, valued at approximately S$31.8 million, is structured as a scheme of arrangement and involves a cash payment of S$0.11 per share. This strategic move, involving equal ownership and decision-making by Aspial and KWMCo, aims to consolidate Aspial’s position in the market, though it is classified as an interested person transaction under SGX regulations.
More about Aspial Corporation Limited
Average Trading Volume: 917,455
Technical Sentiment Signal: Buy
Current Market Cap: S$218.9M
Find detailed analytics on A30 stock on TipRanks’ Stock Analysis page.