AnAn International Unit to Acquire Majority Stake in French Company; Shares Surge Nearly 12%

MT Newswires

01/12

Dyneff SAS, part of AnAn International (SGX:Y35), has agreed to acquire a 60% stake in FJB SAS from FCB Sarl and HV2B SAS for up to 1.2 million euros, according to a Friday filing with the Singapore Exchange.

Shares of the petrochemical company surged nearly 12% in Monday trading.

FJB SAS controls Jean & Barthes, which focuses on electrical engineering and solar panel, heating, and air conditioning system installations

The acquisition is part of Dyneff's strategy to expand in the renewable energy sector.

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