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Asia-Pacific Strategic Investments aborts RTO deal to acquire China developer

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Asia-Pacific Strategic Investments aborts RTO deal to acquire China developer

PC Lee Published on Wed, Apr 11, 2018 / 8:23 AM GMT+8

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SINGAPORE (Apr 11): Asia-Pacific Strategic Investments (APSI) has aborted the acquisition of a China developer through a reverse takeover deal.

This followed APSI's failure to obtain approval from China's Ministry of Commerce for the acquisition which was submitted for approval in 2016, said the company in a filing on Tuesday night.

Last Jan, APSI announced it was acquiring the developer which was controlled by the China Real Estate Development Union Investments for RMB150 million ($33 million).

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Asia-Pacific Strategic Investments aborts RTO deal to acquire China developer

M&A

Asia-Pacific Strategic Investments aborts RTO deal to acquire China developer

Primary tabs

Error message

Asia-Pacific Strategic Investments aborts RTO deal to acquire China developer

M&A

Asia-Pacific Strategic Investments aborts RTO deal to acquire China developer

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