EMS Energy inks non-binding agreement with new investor Qian Investment Holding

Singapore

CATALIST-listed EMS Energy Limited said on Monday that it has entered into a non-binding term sheet with Qian Investment Holding to allot and issue to the investor some five billion new shares at 0.15 Singapore cents or S$7.5 million.

Subject to the completion of the proposed placement, the group will acquire the international sales and marketing of lubricant additives business of Qian Investment via an acquisition of shares and/or assets.