Pteris to hold EGM on proposed RTO deal with Tianda
It has to complete deal by end Aug or club deal with banks will be off
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LOSS-MAKING airport logistics services company Pteris Global will hold an extraordinary general meeting on Wednesday next week regarding its proposed reverse takeover (RTO) deal with Tianda Group.
During a briefing to shareholders yesterday evening, the company said that Tianda's valuation by Jones Lang LaSalle as at end 2013, was approximately $197.6 million, higher than the base consideration of $137.6 million.
The consideration represents more than 30 per cent discount based on the latest valuation.
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