Huationg Global (SGX:41B) subsidiary Huationg Contractor agreed to acquire NHL Ubi Industrial from NHL Holding for SG$60,000, according to a Tuesday filing with the Singapore Exchange.
Shares of the company were down nearly 2% in Wednesday trading.
Following the acquisition, Huationg will have a 60% stake in NHL.
The acquisition will allow the subsidiary to undertake potential business opportunities in specialized storage and warehousing services.
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