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Vividthree inks MOU to acquire up to 51% of PR company Elliot & Co

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Sharanya Pillai

Sharanya Pillai

Published Thu, Dec 15, 2022 · 08:17 PM
    • Catalist-listed Vividthree hopes to tap Elliot & Co’s network to grow its post-production business.
    • Catalist-listed Vividthree hopes to tap Elliot & Co’s network to grow its post-production business. PHOTO: PIXABAY

    ENTERTAINMENT company Vividthree has entered a memorandum of understanding (MOU) to acquire up to 51 per cent of public relations specialist Elliot & Co, it announced in a Thursday (Dec 15) bourse filing.

    The Catalist-listed company hopes to tap Elliot & Co’s network to grow its post-production business. This will enable cross-selling opportunities and provide a more holistic suite of value propositions, it added.

    Incorporated in Singapore in 2016, Elliot & Co also has offices in Malaysia and Indonesia. Vividthree’s investment will be funded through internal resources, and if needed, fundraising exercises.

    Shares of Vividthree closed flat at S$0.035 on Thursday.

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