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Jubilee to acquire Honfoong Plastics Industries for S$3.5m
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Annabeth Leow
Published Tue, Dec 12, 2017 · 09:50 PM
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Singapore
CATALIST-LISTED precision manufacturer Jubilee Industries Holdings is set to expand its plastic injection mould business with the S$3.5 million acquisition of Honfoong Plastics Industries Pte Ltd, the group said.
The consideration comprises S$1 million in cash, as well as S$2.5 million in almost 55.6 million new Jubilee shares at 4.5 Singapore cents apiece.
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