You are here

PNG finance firm eyes listing in RTO deal with Jaya

Proposal for Jaya to acquire Heduru Moni for up to S$232m through issue of new shares

BT_20160519_JLMONI19_2288320.jpg
Moni Plus - as Heduru Moni is known in Papua New Guinea - describes itself as a leader in financial services in the South Pacific country.

Singapore

A FINANCE firm from Papua New Guinea (PNG) that mainly makes education loans to children of public officers in the South Pacific country, is eyeing a listing in Singapore through a reverse takeover (RTO) deal with mainboard-listed Jaya Holdings, now a cash or shell company.