Could APS's RTO-cum-rights unlock value?
IT is somewhat uncommon for companies that fund reverse takeovers (RTOs) via shares to also subsequently raise cash. But that is exactly what bereavement service provider Asia-Pacific Strategic Investments is doing.
In September last year, the Catalist-listed company said that it was undertaking an RTO deal to buy a firm holding gold-mining exploration rights in Armenia.
AP Strategic provided a bit more clarity on this RTO recently when it revealed that it had entered into a conditional sale-and-purchase agreement with vendor GR Business Holdings, a joint ven…
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