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Lithium-ion battery maker 3DOM eyes telecoms market; readies RTO deal with Reenova

Lim Hui Jie
Lim Hui Jie • 4 min read
Lithium-ion battery maker 3DOM eyes telecoms market; readies RTO deal with Reenova
Just two days after it terminated an RTO with Chaswood, battery maker 3DOM has announced a similar deal with Reenova Investments.
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Just two days after 3DOM Singapore scrapped its US$1 billion ($1.36 billion) RTO (reverse takeover) deal with F&B operator Chaswood Resources, it has announced a similar deal with another Singapore Exchange (SGX)-listed company Reenova Investment.

Should the deal go through, Reenova, which plans to sell its rare earth mining concession, will see itself transform into a lithium-ion battery company instead, making and selling products developed by 3DOM Inc, the parent company of 3DOM Singapore.

3DOM Singapore’s agreement with Chaswood was signed just on Nov 5, but the deal was called off on Nov 15.

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