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Sincap Group Ltd. ( (SG:XZB) ) has shared an announcement.
Mr. Teh Wing Kwan has announced a mandatory unconditional cash offer to acquire all issued and paid-up ordinary shares of Sincap Group Ltd., excluding those he already owns or controls. This follows a previous agreement where Mr. Teh Wing Kwan agreed to invest up to S$2,000,000 in the company and subscribe to 25,515,000 new ordinary shares. The offer is contingent upon the completion of certain conditions, including shareholder approval and share consolidation, which could significantly impact the company’s ownership structure and market positioning.
More about Sincap Group Ltd.
Sincap Group Ltd. is a company incorporated in the Republic of Singapore. It operates within an industry that involves investment activities, as indicated by the recent transaction involving a significant investment agreement.
Current Market Cap: S$8.51M
See more data about XZB stock on TipRanks’ Stock Analysis page.