SMI Vantage (SGX:Y45) is currently in discussions for a potential investment in the food and beverage sector, according to a Tuesday filing on the Singapore Exchange.
The proposed acquisition is part of the company's strategy to expand its business and improve returns to shareholders.
The board of directors noted that while discussions are ongoing, no definitive terms have been agreed upon and there's no guarantee that a transaction will be completed.
Shares of the company were up 33% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments