Sean Murphy

Novo Tellus investor group is now 29.6% shareholder of Procurri

SINGAPORE (Mar 19): Private equity firm Novo Tellus will become its largest shareholder in Procurri, the SGX-listed provider of IT lifecycle services and data centre equipment.

This comes after Novo Tellus PE Fund and co-investor A.C.T Holdings on Monday exercised their respective call options to acquire a total of 36.3 million Procurri shares under a put-call agreement signed on Feb 15.

The transaction is expected to close on March 21 and the investors will own 29.6% of the Procurri’s issued shares.

Procurri up 6.5% after saying it received second unsolicited expression of interest to acquire company

SINGAPORE (Feb 7): Shares in Procurri Corporation, the Mainboard-listed enterprise hardware supplier, are up 2 cents or 6.2%.

This follows its Thursday morning announcement that it has received a second unsolicited, non-binding expression of interest from a third party to acquire the company through a possible voluntary general offer.

As at 11.07am, shares in Procurri are trading at 33 cents with 0.5 million units traded.

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