Lereno Bio-Chem shoots for third RTO attempt as second one falls through

Singapore

CASH company Lereno Bio-Chem has been unsuccessful in its second reverse takeover (RTO) attempt after its sales agreement with Kenyalang Property Development Sdn Bhd fell through.

However, it has gone on to ink a new RTO pact with Knit Textile and Apparel.

"The company and Kenyalang Malaysia have mutually agreed to terminate the sale and purchase agreement (SPA) with immediate effect pursuant to a deed of termin…