KTL Global, the offshore services firm, has announced that it has acquired Tianci Agritech, a private company that sells and distributes fresh vegetable and fruit produce, including the import and export of fruits and vegetables and growing of leafy and fruit vegetables.

KTL Global, on June 3, entered into a sale and purchase agreement (SPA) with Tianci’s sole shareholder Phuah Kin Huat. Under the SPA, KTL will acquire a 100% stake in Tianci Agritech for a consideration of $200,000.

Following the acquisition, Tianci will be a wholly-owned subsidiary of KTL Global.

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