Yan Tat Group Holdings Limited (HK:1480) has released an update.
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Yan Tat Group Holdings Limited has made a voluntary announcement regarding a non-binding memorandum of understanding (MOU) for a potential acquisition of two companies, which will be subject to negotiation and due diligence over the next six months. The acquisition targets are Denshi Maruwa Industries (M) Sdn. Bhd. and P.T. Maruwa Indonesia, with the consideration to be determined based on further negotiations and market conditions. Maruwa has granted Yan Tat Global exclusive negotiation rights, with the MOU contingent on the execution of definitive agreements.
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