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An update from Aspial Corporation Limited ( (SG:A30) ) is now available.
AFG Investment Pte. Ltd. has announced a proposed acquisition of all issued ordinary shares of AF Global Limited, excluding certain shares, through a scheme of arrangement. This acquisition, formalized through an implementation agreement, signifies a strategic move that could impact AF Global’s operations and market positioning, particularly as it plans to divest its interests in real estate consultancy services.
More about Aspial Corporation Limited
AF Global Limited, incorporated in Singapore and listed on the Singapore Exchange since 1973, primarily engages in investment holding and management services. Its main business operations are in the hospitality sector, owning and operating hotels and serviced residences. The company also holds equity in joint ventures involved in property investment, development, and real estate consultancy services.
Average Trading Volume: 914,127
Technical Sentiment Signal: Buy
Current Market Cap: S$230M
Learn more about A30 stock on TipRanks’ Stock Analysis page.