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Jubilee to acquire Honfoong Plastics Industries for S$3.5m

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Annabeth Leow

Annabeth Leow

Published Tue, Dec 12, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

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.

Manufacturing

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