The target companies include Aspial Lee Hwa Jewellery Singapore; Gold Purple and BU2 Services. Besides holding these entities, Aspial Corp has significant property interests as well.
Mainboard-listed Aspial Corp, controlling shareholder of Catalist-listed Maxi-Cash Financial Services Corp, plans to sell a group of businesses into the latter for at least $87.8 million.
The transaction, meant to consolidate the various jewellery brands under one listed entity, can be worth up to $99.8 million if subsequent earnings targets are met.
