ENTERTAINMENT company Vividthree has entered a memorandum of understanding (MOU) to acquire up to 51 per cent of public relations specialist Elliot & Co, it announced in a Thursday (Dec 15) bourse filing.

The Catalist-listed company hopes to tap Elliot & Co’s network to grow its post-production business. This will enable cross-selling opportunities and provide a more holistic suite of value propositions, it added.

Incorporated in Singapore in 2016, Elliot & Co also has offices in Malaysia and Indonesia. Vividthree’s investment will be funded through internal resources, and if needed, fundraising exercises.

Shares of Vividthree closed flat at S$0.035 on Thursday.