PROPERTY firm HSR announced yesterday that it will list on the Singapore Exchange via a reverse takeover of electroplating company Wepco. As part of the move, Wepco will apply to be transferred from the Catalist board, where it is now listed, to the SGX mainboard. The move involves Wepco acquiring the real estate giant and issuing 80 million shares at 50 cents a piece, a total of $40 million, to HSR...
HSR Property Group
Catalist-listed electro-plating and industrial engineering services firm Wepco said on Monday that it is acquiring real estate firm HSR in a reverse takeover. It is buying the entire issued share capital of HSR for a consideration of S$40 million. The purchase will be satisfied by the issue of new ordinary shares. Wepco will issue some 80 million consideration shares at a price of 50 cents per share. At...