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WE Holdings to buy sand supplier for S$25m

Company also plans to issue S$25 million of three-year convertible bonds to partly fund the purchase

Published Wed, Mar 11, 2015 · 09:50 PM

Singapore

WE Holdings has yet another acquisition deal on the table and another potentially dilutive plan to fund it as well.

The target this time is marine sand supplier Hua Kai, which will cost WE S$25 million if certain balance sheet and profit targets are met.

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