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Libra revises consideration and terms in 51% stake acquisition of Malaysian travel agency

M&A

Libra revises consideration and terms in 51% stake acquisition of Malaysian travel agency

PC Lee Published on Wed, Jan 10, 2018 / 10:11 PM GMT+8

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SINGAPORE (Jan 10): Libra Group has revised the aggregate consideration for the acquisition for a 51% stake in Malaysia-incorporated YC Capital Consolidated announced on Oct 10.

Following further discussions between the Libra and 50.002% shareholder Chu Sau Ben who is also CEO of YC Capital, the aggregate consideration for the proposed acquisition has been revised to $12 million from $15 million.

As payment, Libra will issue Chu 93.75 million shares at 12.8 cents each on the completion date. Shares in Libra closed at 14 cents on Wednesday.

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Libra revises consideration and terms in 51% stake acquisition of Malaysian travel agency

M&A

Libra revises consideration and terms in 51% stake acquisition of Malaysian travel agency

Primary tabs

Error message

Libra revises consideration and terms in 51% stake acquisition of Malaysian travel agency

M&A

Libra revises consideration and terms in 51% stake acquisition of Malaysian travel agency

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