Attilan could reacquire Hi-5 TV show in major deal with firm founded by MD, controlling shareholder
Parties value deal consideration at S$100m in cash and stock
Ng Ren Jye
Singapore
ATTILAN Group, which faces delisting from the Singapore Exchange (SGX), could reacquire the children's television show Hi-5 under a very substantial acquisition or reverse takeover deal with a firm linked to Attilan's managing director.
Attilan, an investment firm, said on Thursday that it had entered into a non-binding memorandum of understanding to acquire family entertainment content producer Tremendous Entertainment Group (TEG) for S$100 million in cash and new Attilan shares that will result in a very substantial acquisition or reverse takeover.
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