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Chasen to acquire 100% equity interest in builder of industrial water and waste treatment facilities in Singapore and Malaysia for $4.5m |
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Written by The
Edge
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Thursday, 09 September 2010 17:31 |
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Relocation specialist Chasen Holdings says the company and its unit Hup Lian Engineering have agreed to acquire 100% of the equity interest in Global Technology Synergy for up to $4.5 million.
GTS is in the business of process engineering and construction of industrial ultra-pure water and waste treatment facilities.
Towards Green Sdn Bhd, the Malaysian wholly-owned subsidiary of GTS, also does process engineering and construction of chemical, automation and electrical system.
The purchase consideration of up to $4.5 million will include $4 million worth of new Chasen shares and up to $0.5 million in cash.
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Last Updated on Thursday, 09 September 2010 17:32 |
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Daily Edge
