The acquisition is expected to be partly funded by equity contribution and shareholders loans from the groups’ shareholders.
Heeton Holdings says its wholly-owned subsidiary, Heeton Capital, has entered into a shareholders’ agreement with Astra Horizon Ventures and NineCo Investments in relation to a proposed joint venture, according to a Dec 3 bourse filing.
Under the agreement, a new joint venture (JV) company, QS Edinburgh, has been incorporated in SIngapore to acquire the entire equity interest of a target company, which owns an aparthotel. The aparthotel comprises 82 keys and is located in Edinburgh, UK.
