Mewah International Inc. (SGX:MV4) entered into a Shares Sale & Purchase Agreement to acquire PT Simpang Kanan Lestarindo for $6.75 million on September 30, 2022. The acquisition consideration of $6.75 million is a combination of share purchase price and takeover of bank loan in PTSKL. The litigation case amongst two former shareholders of PTSKL disputing fulfilment of certain conditions in their mutual sales and purchase agreement was concluded majorly in favor of shareholders of PTSKL by the local High Court.
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- Mewah International Inc. entered into a Shares Sale & Purchase Agreement to acquire PT Simpang Kanan Lestarindo for $6.75 million.