In an announcement on July 4, Mercurius says both parties have entered into a second supplemental letter to extend the long-stop date for the completion from April 11 to Aug 31 so as to give more time for required conditions to be fulfilled.
Mercurius Capital Investment, which has investments in hotels, is taking longer to complete the acquisition of a groceries business Songmart Holdings.
The $36 million acquisition, first announced back in July 2021, was meant to help the company find a new earnings stream as the pandemic hits hospitality industries worldwide.
