Autagco's (SGX:1D3) wholly owned subsidiary, Communa Gold, is set to acquire the entire business and assets of Crescendo Wellness Living for SG$50,000, after entering into a sale and purchase agreement, according to a filing with the Singapore Exchange on Monday.
The company had earlier entered into a non-binding term sheet with Vimallan Manokara to purchase the business assets of the assisted living company.
Vimallan had also entered into a subscription agreement for the subscription of 8,333,333 shares in the capital of the company for a subscription price of SG$0.003 per share.
The acquisition is part of the group's strategy to enter into the assisted living sector and diversify its business and income stream.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。