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WE buying HK-based electronics distributor Everbest

US$7.4m acquisition to be paid through new shares at 2.57 US cents apiece

Thu, Dec 05, 2013 - 6:00 AM

Cai Haoxianghaoxiang@sph.com.sg@HaoxiangCaiBT

WE Holdings, the electronics distributor that is exploring Myanmar cement and resources opportunities, is acquiring Hong Kong-based electronics distributor Everbest Industrial (International) for US$7.4 million.

The purchase will be paid for entirely in stock. WE Holdings will issue...

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