Advanced Holdings to pay S$15m for smaller stake in Agricore
Add BT as a preferred sourceSingapore
ADVANCED Holdings announced on Friday morning that it has downsized its acquisition of Agricore Global Pte Ltd from 100 per cent of its share capital to 12.25 per cent, and will pay S$15 million for the minority stake.
The company said it has decided not to conduct a full takeover of palm oil cultivator Agricore in view of commercial considerations, and will continue to focus on its existing core business of providing engineering services and equipment.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Dim sum chain Tim Ho Wan ramps up North America, Hong Kong expansion after Jollibee acquisition
GameStop CEO says eBay shut his account after buyout funding stunt
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
