Just two days after 3DOM Singapore scrapped its US$1 billion ($1.36 billion) RTO (reverse takeover) deal with F&B operator Chaswood Resources, it has announced a similar deal with another Singapore Exchange (SGX)-listed company Reenova Investment.

Should the deal go through, Reenova, which plans to sell its rare earth mining concession, will see itself transform into a lithium-ion battery company instead, making and selling products developed by 3DOM Inc, the parent company of 3DOM Singapore.

3DOM Singapore’s agreement with Chaswood was signed just on Nov 5, but the deal was called off on Nov 15.

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