Hatten Group brothers in RTO deal with VGO Corporation
Proposed Sky Win backdoor listing will see injection of firms involved in Malacca property business, related services
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TWO brothers from property developer Hatten Group are eyeing a backdoor listing for their privately held Sky Win Management Consultancy through a reverse takeover (RTO) deal with Singapore-listed VGO Corporation.
VGO Corp, a mainboard-listed firm now under the watch-list of Singapore Exchange (SGX), announced on Monday that it has entered into a sale and purchase agreement to acquire Sky Win Management Consultancy, the Singapore-incorporated vehicle into which the two vendor brothers - Colin Tan June Teng and Edwin Tan Ping Huang - will pump a target group of firms involved in the business of property development in Malacca and the provision of related marketing and consultancy services in Singapore.
