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Alpina Holdings further extends long-stop date for proposed acquisition of worker dormitory

Bryan Wu
Bryan Wu • 1 min read
Alpina Holdings further extends long-stop date for proposed acquisition of worker dormitory
The company had previously announced its planned $24 million acquisition of Dacai Pte Ltd, which owns the Wan Dormitory at 180 Woodlands Industrial Park E5.
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Alpina Holdings ZXY -

 has further extended the long-stop date of its proposed acquisition of the entire issued and paid-up share capital of Wan Dormitory to Feb 15.

The company had previously announced its planned $24 million acquisition of Dacai Pte Ltd, which owns the Wan Dormitory at 180 Woodlands Industrial Park E5.

Alpina, which was listed in January 2022, was founded in 2003 and provides construction and engineering services. It is led by executive chairman and CEO, Low Siong Yong, and executive director, Tai Yoon On.

In September last year, Alpina announced that it had been informed by the vendors that they did not wish to proceed with the proposed acquisition. The company said it was considering its options and rights for recourse against the vendors, including seeking a refund of a deposit already paid.

Shares in Alpina closed unchanged at 17.9 cents on Feb 8.

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