AsiaPhos Limited 5WV has notified Global Resources England that its proposed acquisition of Global Resources SP (Taiwan) for US$3.5 million ($4.7 million) requires an extension of time for transaction documents to be finalised.
Global Resources SP (Taiwan) owns 76.59% of Helio Energy Two Corporation, a Taiwan-based solar assets owner and operator whose primary business activities are those of renewable energy development and solar asset management.
In a bourse filing on SGX on Nov 20, AsiaPhos 5WV announced that it had entered into an extension letter with Global Resources England to vary and amend the non-binding term sheet set out on Oct 9.
