Tat Seng Packaging to Absorb Subsidiary UPI’s Business in S$7.9 Million Internal Transfer

The latest announcement is out from Tat Seng Packaging Group Ltd ( (SG:T12) ).

Tat Seng Packaging Group has signed a business transfer agreement to acquire the entire business, assets, liabilities and employees of its wholly owned subsidiary United Packaging Industries Pte. Ltd. for a transfer consideration of S$7.93 million, subject to post‑completion balance sheet adjustments. The transaction, to be funded through internal resources and/or set‑off against dividends from UPI, is structured to have no material financial impact on the group and is aimed at enhancing operational efficiency and streamlining the processes of its Singapore operations, pending the fulfilment of standard corporate and regulatory approvals.

The most recent analyst rating on (SG:T12) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on Tat Seng Packaging Group Ltd stock, see the SG:T12 Stock Forecast page.

More about Tat Seng Packaging Group Ltd

Tat Seng Packaging Group Ltd is a Singapore-incorporated packaging manufacturer operating through various subsidiaries, including United Packaging Industries Pte. Ltd. (UPI), with a focus on corrugated packaging solutions and related products for industrial and commercial customers in its Singapore segment and regional markets.

Average Trading Volume: 16,182

Technical Sentiment Signal: Strong Buy

Current Market Cap: S$142.3M

Learn more about T12 stock on TipRanks’ Stock Analysis page.