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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