Libra revises consideration, terms in 51% stake acquisition of M'sian travel agency
10 Jan 2018, 11:15 pm
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 Chu Sau Ben, Executive Chairman and the CEO of YC Capital, the aggregate consideration for the proposed acquisition has been revised to S$12 million from S$15 million.
The acquisition deal is considered an interested party transaction as Chu is also deemed to have interest in 50.002% of Libra... (Click here to read the full story.)
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