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ISOTeam to buy construction firm for S$6.45m
ENGINEERING firm ISOTeam on Thursday said that it plans to acquire Rong Shun Engineering & Construction for S$6.45 million.
Rong Shun provides building construction as well as renovation related services and electrical works.
ISOTeam said that the proposed acquisition will expand the group's capability to offer a full suite of engineering services and solutions. The acquisition will be funded by proceeds from a share placement announced in May 2015, as well as internal resources.