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Hafary Extends Longstop Date to Acquire Sitra's Stake in World Furnishing Hub

MT Newswires ·  09/30/2021 11:49

11:49 PM EDT, 09/29/2021 (MT Newswires) -- Hafary Holdings (SGX:5VS) has once again agreed to extend the longstop date to acquire Sitra Holdings (International)'s (SGX:5LE) 10% stake in joint venture World Furnishing Hub to Dec. 31 from Sept. 30, according to a late Wednesday filing.

The tile distributor had signed a deal in March this year to acquire wood products manufacturer Sitra's holding 10% stake in World Furnishing Hub for SG$3.7 million ($2.7 million) to raise its stake in the joint venture to 56%.

Price (SGD): S$0.17, Change: S$0.00, Percent Change: 0.00%

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