Post-completion, Accrelist may explore potential strategic collaboration and cross-selling opportunities to expand its customer base, it said in a filing.
The proposed acquisition does not change the principal business or cause a material change in the risk profile of the company, which is primarily in the aesthetics business, as well as the injection moulding business carried out under its subsidiary Jubilee Industries Holdings .
The consideration will be funded by internal resources.
Shares in Accrelist traded flat on June 25 at 4.8 cents.
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