GS Holdings (SGX:43A) completed the cash-and-stock purchase of Octopus Distribution Networks, according to a Tuesday filing with the Singapore Exchange.
The company allotted and issued 166,226,912 consideration shares to Octopus Global Holdings at SG$0.0379 per share, 14,567,901 introducer shares to Accura Advisory at SG$0.0243 per share, and 652,173 and 395,778 sponsor shares to Evolve Capital Advisory.
Meanwhile, the remaining cash consideration of SG$3.5 million was paid to the vendor, completing the acquisition.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.