mDR unveils move to acquire Japan firm in RTO deal
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Singapore
SINGAPORE-LISTED mDR Ltd is poised to acquire a Japan-based company engaged primarily in the business of developing and providing mobile content.
It's is a "very substantial acquisition" or "reverse takeover" (RTO), mDR said on Monday. The expected consideration is between S$110 million and S$165 million, to be made in cash, shares and convertible debt.
