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PR Newswire
26-05-2012, 12:30 PM
Recent corporate developments -
1) THE PROPOSED ACQUISITION OF 2,100,000 ORDINARY SHARES IN THE CAPITAL OF VAC-TECH ENGINEERING PTE LTD
http://mencast.listedcompany.com/newsroo...29B4.1.pdf [Announcement]
Mencast acquired Vac-Tech from its vendors for $8.4 million in the form of $5.0 million cash and $3.4 million new shares. The format of the acquisition is similar to previous deals ie payment to be made in tranches over 2 year period and profit warranty deal ($5.0 million here). This acquisition will further expand Mencast expertise in the marine MRO sector.
2) Corporate Presentation for May 2012 - http://mencast.listedcompany.com/newsroo...B170.1.pdf [PPT Slides]
Mencast closed at 59.0 cents.
(Not Vested)
1) THE PROPOSED ACQUISITION OF 2,100,000 ORDINARY SHARES IN THE CAPITAL OF VAC-TECH ENGINEERING PTE LTD
http://mencast.listedcompany.com/newsroo...29B4.1.pdf [Announcement]
Mencast acquired Vac-Tech from its vendors for $8.4 million in the form of $5.0 million cash and $3.4 million new shares. The format of the acquisition is similar to previous deals ie payment to be made in tranches over 2 year period and profit warranty deal ($5.0 million here). This acquisition will further expand Mencast expertise in the marine MRO sector.
2) Corporate Presentation for May 2012 - http://mencast.listedcompany.com/newsroo...B170.1.pdf [PPT Slides]
Mencast closed at 59.0 cents.
(Not Vested)
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