S i2i subsidiary looks to acquire e-commerce platform for S$6.3m

Singapore

MAINBOARD-LISTED S i2i announced on Tuesday that its wholly owned subsidiary Affinity Capital has entered into an asset transfer agreement with SB ISAT Fund, a limited liability partnership incorporated in the Cayman Islands, for the proposed acquisition of an e-commerce platform.

In consideration of the proposed acquisition, Affinity will allot and issue an aggregate of 22.5 million new ordinary shares to SB ISAT Fund at an agreed issue price of S$0.28 each.