Courts Asia appoints KPMG as independent adviser over Nojima offer

KPMG Corporate Finance has been appointed the independent financial adviser over the cash offer for furniture retailer Courts Asia from a unit of Japanese electronics retailer Nojima Corp, Courts Asia said on Thursday. KPMG will be advising the independent directors of Courts Asia. 

The Japanese firm this month made a conditional cash offer for Courts Asia at S$0.205 per share as it seeks to gain a strong foothold in South-east Asia.