SINGAPORE (Nov 15): Envictus International says wholly-owned subsidiary, Polygold Holdings, is acquiring food processing and trading company in Malaysia, Motivage for RM24 million (S$7.8 million).
The group will be acquiring about 14.8 million shares in Motivage, which represents 100% of the total issued and paid-up share capital, from directors of Motivage — Khor Sin Kok and Khor Guat Bee.
The group will satisfy RM5 million out of the total consideration in cash, while...(click on link for full story on theedgesingapore.com)