Hatten Group brothers in RTO deal with VGO Corporation
Proposed Sky Win backdoor listing will see injection of firms involved in Malacca property business, related services
Singapore
TWO brothers from property developer Hatten Group are eyeing a backdoor listing for their privately held Sky Win Management Consultancy through a reverse takeover (RTO) deal with Singapore-listed VGO Corporation.
VGO Corp, a mainboard-listed firm now under the watch-list of Singapore Exchange (SGX), announced on Monday that it has entered into a sale and purchase agreement to acquire Sky Win Management Consultancy, the Singapore-incorporated vehicle into which the two vendor brothers - Colin Tan June Teng and Edwin Tan Ping Huang - will pump a target group of firms involved in the business of property development in Malacca and the provision of related marketing and consultancy services in Singapore.
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