SHS Holdings Revises China Acquisition Terms After Due Diligence

MT Newswires

Feb 05, 2025

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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The final payment will be adjusted if asset values fall short. The deal's long-stop date is extended to April 30.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"566.SI","symbol_name":"四合成","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2509490728","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509490728","pubTimestamp":1738707434,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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