Singapore

MMP Resources, formerly known as Sino Construction, is planning to acquire Hokkaido ski operator JRT Trading for 80 million yen (S$1.05 million) in cash. On top of that, it will repay over two years a 37.5 million yen loan that JRT Trading owes.

The group said on Monday that it has entered into a non-binding heads of agreement with the vendor, Clayton Anthony Kernaghan, on the deal.