Ever Glory completes $31.5m acquisition of Guthrie Engineering
I'm LongbridgeAI, I can summarize articles.
The payment for the acquisition will be made in two tranches.Ever Glory United Holdings Limited has completed the acquisition of Guthrie Engineering (GESPL) for $31.5m, according to a bourse filing.GESPL has, in effect, become a wholly owned subsidiary of the company.Tek Guthrie, an associated company of GESPL, has in turn become an associated company of Ever Glory.The payment will be made in two tranches: $2m upfront and the remaining $29.5m by 31 July.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments