Salt Investments (SGX:FQ7) entered into a share purchase agreement with Poly Million for the purchase of a 60% stake in TT Oil, according to the Singapore Exchange on Friday.
Under the agreement, Poly Million has agreed to sell 150,000 shares in TT Oil for a purchase price of SG$6.0 million.
The acquisition is part of the company's initiatives to develop, grow and expand its core business in the marine and offshore industry.
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