Mercurius, on July 12, 2021, had acquired the entire issued share capital of Songmart for a total consideration of $36 million. The acquisition is expected to be completed in October.
Songmart, the subsidiary of Catalist-listed Mercurius, has officially opened five grocery stores in Johor Bahru and Kluang in Malaysia on Sept 16.
Another five more stores have been slated to open by the end of October. The addition of the stores will see the group having a total of 23 stores in its portfolio by end October.
