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An update from Liongold ( (SG:A78) ) is now available.
Shen Yao Holdings Limited, a company registered in Singapore, has announced a binding memorandum of understanding to acquire Zion Mobility Pte. Ltd., a private company also based in Singapore. Zion Mobility focuses on transport-related industrial design services and the manufacture and assembly of electric 2-wheelers, 3-wheelers, and batteries. This acquisition is expected to result in a reverse takeover under the Singapore Exchange’s Catalist Rules, potentially impacting the company’s market positioning and expanding its operations into the electric vehicle sector.
More about Liongold
Current Market Cap: S$67.41M
For an in-depth examination of A78 stock, go to TipRanks’ Overview page.