Asia-Pacific Strategic Investments (APSI) has entered into non-binding term sheet with an unnamed corporation for the acquisition of its hospitality business.

Under the term sheet, APSI will issue new ordinary shares in the capital of the company for the acquisition of the 100% equity interest in the target company.

THe proposed acquisition is in the preliminary stage, where APSI and the corporation are in the process of negotiating the terms of the proposed acquisition.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

    Stay updated with Singapore corporate news stories for FREE

    Follow our Telegram | Facebook