Forise International to Acquire 40% Stake in Shinmax for SG$2.3 Million

MT Newswires

2024/11/11

Forise International (SGX:8A1) has agreed to acquire 40% of Shinmax Products for SG$2.3 million, consisting of SG$914,930 in cash and the issuance of 13.7 million shares at SG$0.10 each, according to a Friday filing on the Singapore Exchange.

The transaction includes a corporate guarantee of SG$2.1 million for Shinmax's banking facilities.

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