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Dragon Group acquires Coeur Gold Armenia in RTO
Acquisition will help the mainboard-listed electronics engineering group diversify its revenue and business
Published Thu, Oct 19, 2017 · 09:50 PM
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Singapore
ARMENIAN miner Coeur Gold Armeni Ltd, whose earlier attempt to list on the Singapore Exchange through reverse takeovers did not work out, might have found a new home in mainboard-listed electronics engineering firm Dragon Group International.
In an exchange filing on Thursday, Dragon Group said it is acquiring Coeur Gold Armenia for S$500 million in shares and cash, in a reverse takeover.
It has entered into a non-binding term sheet with busi…
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