CNQC International completes RTO deal
Singapore
CNQC (South Pacific), mainly known for its development and construction businesses in Singapore, has undergone a backdoor listing on the Hong Kong mainboard through a reverse takeover (RTO).
The RTO deal involved Hong Kong-listed building contractor CNQC International (formerly Sunley Holdings) acquiring the target group of companies from Guotsing Holding (South Pacific) Investment Pte Ltd or in short, Guotsing SG, on Oct 15.
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