Corporate digest

Envictus International

ENVICTUS International Holdings' wholly owned subsidiary Polygold Holdings has entered into a conditional share sale agreement with Khor Sin Kok and Khor Guat Bee to acquire Motivage for RM24 million (S$7.8 million).

RM5 million will be paid by cash and the remaining RM19 million will be by the issuance of 15.78 million shares in Envictus. The shares are being issued at a price of S$0.3913, which represents a discount of 2.2 per cent to the volume weighted average price of S$0.40 for trades done on the Singapore Exchange on Nov 7.