Asti Holdings to acquire 100% stake in Emerald, Yumei Technologies, Yumei REIT and Pioneer Venture for up to $15.5 million

Felicia Tan
Felicia Tan2/28/2021 09:53 PM GMT+08  • 3 min read
Asti Holdings to acquire 100% stake in Emerald, Yumei Technologies, Yumei REIT and Pioneer Venture for up to $15.5 million
The consideration comprises a base consideration of $12.5 million and an earn-out consideration of $3 million.
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Asti Holdings, has, on Feb 26, entered into a sale and purchase agreement (SPA) with Advanced Systems Automation Limited to acquire 100% of the shareholding interest in Emerald Precision Engineering, Yumei Technologies, Yumei REIT and Pioneer Venture.

The acquisition consideration comprises a base consideration component of $12.5 million and an earn-out consideration component of $3 million.

Upon the execution of the agreement, Asti shall pay $1 million as a refundable deposit.

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