Asiatic Keeps Acquisition Price for Karrus Mobility Unchanged Despite Lower Valuation
MT Newswires10-15
Asiatic Group (Holdings) (SGX:5CR) decided to keep the consideration price for its acquisition of Karrus Mobility at SG$2 million despite the target's lower valuation.
An independent valuer reduced Karrus Mobility's fair market value to between 6.7 million ringgit and 7.2 million ringgit from between 7.9 million ringgit and 8.4 million ringgit following due diligence, according to a Wednesday filing with the Singaporean bourse.
The deal closing remains subject to the fulfillment of conditions, it said.
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.
