Attilan hoping for a Hi-5 from new deal may get a slap down instead
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Anita Gabriel
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IT'S crunch time for Attilan Group, and the company appears to be clutching at straws.
Barely a month after the Singapore Exchange told the troubled group that its time on the bourse was up after the firm busted a deadline to meet certain metrics, it plonked a "very substantial acquisition" on the table in yet another bid for a ticket out of SGX's watch-list.
This S$100 million deal to acquire Tremendous Entertainment Group (TEG) under a non-binding memorandum of understanding will involve a reverse takeover which would eventually need shareholders' nod.
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