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.
