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Jaya Holdings gets lifeline to avoid delisting
It is considering an acquisition of Papua New Guinea-based micro-lender Heduru Moni's entire equity interest
Add BT as a preferred sourcePublished Fri, Apr 1, 2016 · 09:50 PM
Singapore
CASH company Jaya Holdings may have again found a way to save itself from being delisted from the Singapore Exchange (SGX), and this time, it's a S$238 million lifeline thrown from Papua New Guinea.
The company announced on Friday that it has entered into a non-binding term sheet for the proposed acquisition of Papua New Guinea-based financial institution Heduru Moni's entire equity interest.
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