Masonglory Limited to Acquire 20% of Beta Beteiligungs und Besitz GmbH

M&A · Partnership

โดย GlobeNewswire·

Summary · why it matters

Masonglory Limited has entered into a share swap agreement to acquire a 20% equity interest in Beta Beteiligungs und Besitz GmbH, an Austrian construction materials distributor. The company will issue 1,377,000 Class A ordinary shares as consideration, based on a target valuation of US$23,400,000 and a share price of US$3.40. The transaction represents a horizontal expansion into Continental Europe, complementing Masonglory's existing wet trades and construction materials business. The shares will be issued as restricted securities in an offshore transaction, and the seller will hold less than 5% of Masonglory's voting power after closing.

Masonglory Limited Ordinary Shares ▲