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Aspial Corporation Acquires World Class Global As Part Of Restructuring
Daily Bulletin | 02 October 2015
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Aspial Corporation has announced the acquisition of 27 million ordinary shares, representing 90 percent of the issued and paid-up share capital of World Class Global from its subsidiary, World Class Land, for a total consideration of approximately $14.4 million.

The acquisition was part of the group’s restructuring exercise and is funded through internal resources. Subsequent to the acquisition, World Class Global will become a direct subsidiary of the Group.

Aspial Corp  0.165 +0.006 +3.77%   
Business: A jewellery retailer with diversified businesses in property development & financial services. [FY17 Turnover] Financial svcs (38.2%), real estate (37.6%), jewellery (24%), others (0.2%).

Insight: Aug-18, 1H18, Co returned to the black with a net ... Read More

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