The acquisition will be satisfied by a base and deferred consideration of $28.3 million and $14 million, respectively. $0.8 million and $1.5 million will be paid in cash. The remaining consideration will be paid via the issuance of 122.2 million base consideration shares and up to 55.6 million consideration shares at 22.5 cents each.
Shareholders of Catalist-listed Sincap Group have approved the reverse takeover (RTO) of homegrown commercial vehicle specialist Skylink APAC.
The RTO, via the acquisition of Skylink’s shares for around $42.3 million, was announced on March 18.
