According to the release, the accretive acquisition is expected to yield significant opportunities and additional financial benefits for GS Holdings (SGX:43A
) .
GS Holdings announced, on the evening of Oct 23, that it has signed a binding agreement to acquire Octopus Distribution Network, for $11.8 million.
Octopus Distribution Networks is an integrated beverage solutions group in Singapore, providing brand management, import, export, distribution, logistics and warehousing of alcoholic and non-alcoholic beverages and liquor in Singapore.
