Rich Capital to acquire 2 construction firms for up to $44 mil

PC Lee
PC Lee1/8/2019 11:36 PM GMT+08  • 2 min read
Rich Capital to acquire 2 construction firms for up to $44 mil
SINGAPORE (Jan 8): Rich Capital Holdings is planning to expand into the construction business with the proposed acquisition of two construction firms for up to $43.98 million.
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SINGAPORE (Jan 8): Rich Capital Holdings is planning to expand into the construction business with the proposed acquisition of two construction firms for up to $43.98 million.

The company has entered into a conditional share purchase agreement with Wang ZhenWen and Rich-Link Group (RLG) to acquire 100% of Rich-Link Construction (RLC) and Rich-Link Builders (RLB).

Both companies are effectively owned by Wang, who is also the controlling shareholder and the non-independent non-executive chairman of Rich Capital.

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