Natural Cool acquires 51% stake in Nam Fang Co

Samantha Chiew
Samantha Chiew12/20/2021 7:33 PM GMT+08  • 1 min read
Natural Cool acquires 51% stake in Nam Fang Co
Natural Cool acquires 51% stake in local plumbing and sanitary contractor for $0.5 mil.
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Air-conditioning and switchgear specialist Natural Cool Holdings announced that it will be acquiring a 51.0% stake in Nam Fang Co, a plumbing and sanitary contractor based in Singapore for a consideration of $472,600.

The purchase consideration will be satisfied wholly in cash and will be funded by the group's internal resources.

Shares in Natural Cool closed at 4.5 cents on Dec 20.

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