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Chaswood Resources to turn into lithium-ion battery maker via US$1 bil RTO deal with Japan's 3DOM

The Edge Singapore
The Edge Singapore8/22/2021 03:41 PM GMT+08  • 3 min read
Chaswood Resources to turn into lithium-ion battery maker via US$1 bil RTO deal with Japan's 3DOM
Assuming the deal is completed, the sellers will own 99.3% of the enlarged share capital of Chaswood Resources
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Chaswood Resources is undertaking a reverse takeover deal worth around US$1 billion that will see it turn from an F&B operator into a lithium-ion battery maker.

In an Aug 22 announcement, the company has entered into a non-binding termsheet to acquire 3DOM (Singapore), which is owned by a Japan-incorporated 3DOM Inc.

The indicative consideration of US$1 billion is marked at 70% of 3DOM (Singapore)’s valuation, to be further confirmed by an independent valuer to be appointed by Chaswood Resources

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