SHS Holdings (SGX:566) has amended terms for its planned acquisition of Guangxi Tidal Precision Technology and Nanning Tidal Aluminium in China after due diligence, according to a Tuesday filing on the Singapore Exchange.
The revised deal, signed by SHS unit SHS Capital, adjusts financial benchmarks, asset valuations, and post-completion obligations, the company said in the filing.
The sellers must maintain bank guarantees, limit related-party transactions, and secure operational permits within six months.
SHS set a minimum non-current asset value of 516.4 million yuan and capped liabilities at 468.9 million yuan. The final payment will be adjusted if asset values fall short. The deal's long-stop date is extended to April 30.
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