The proposed acquisition is subject to the approval of the company’s shareholders and adds an additional revenue stream as well as an opportunity to diversify the group’s portfolio of businesses, says Asia Vets.
Catalist-listed Asia Vets Holdings has entered into a conditional sale and purchase agreement with RHT AlDigi Financial Holdings and AlDigi Holdings to acquire 100% of the ordinary shares in the issued and paid-up share capital in the company.
As part of the proposed acquisition, Asia Vets will pay $45 million by issuing 335,436,357 new ordinary shares at $0.13415 per consideration share, reads a press release on Dec 31.
