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Thai developer seeks reverse takeover of Technics Oil & Gas

PC Lee Published on Fri, Jun 09, 2017 / 11:51 AM GMT+8

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SINGAPORE (June 9): Technics Oil & Gas may get a new lease of life as a developer of leisure and tourism properties.

The judicial managers of Technics said they received on Thursday a letter of offer for the reverse takeover of the company from Emerald Development Group.

Emerald plans to do a backdoor listing on the SGX by injecting certain of its real estate assets and undertakings in Thailand into Technics Oil & Gas.

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Thai developer seeks reverse takeover of Technics Oil & Gas