Aspen Group’s 30% associated company Global Vision Logistics (GVL) and leading real estate specialist LOGOS SE Asia has, on Jan 18, entered into a subscription agreement for an aggregate subscription consideration of RM296.7 million ($97.7 million).

Under the agreement, LOGOS will subscribe for 3.75 million shares in GVL at an issue price of RM79.11 per subscription share, which is equivalent to 60% of the issued and paid-up capital of GVL following the subscription.

Upon completion of the subscription, the shareholders of GVL and LOGOS will also enter into a shareholders’ agreement to set out their rights and obligations as shareholders in the business and affairs of GVL.

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