GS Holdings (SGX:43A) signed a binding agreement to acquire Singapore based beverage solutions company, Octopus Distribution Networks for SG$11.8 million, a filing with the Singapore Exchange said on Wednesday.
Octopus has a global portfolio of around 22 beverage brands from 50 global brand owners and provides customized services for both corporate and individual clients.
Shares of the food and beverage company were down over 6% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.