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Rich Capital to pay S$33.7m instead of S$44m for acquisition of 2 building firms

This takes into account a revised valuation report of the 2 firms issued by independent valuer BDO Advisory


CATALIST-LISTED Rich Capital will acquire two construction firms owned by its controlling shareholder and chairman Wang Zhen Wen, and Rich-Link Group (RLG) for S$33.7 million instead of a previously agreed price of S$44 million.

The revised price for Rich-Link...

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