Asiatic Group says it may seek shareholder vote if Karrus Mobility deal is classified as major transaction

Reuters2026/07/24 09:39

By:Reuters

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Asiatic Group sought shareholder approval to diversify into automotive, citing advanced talks on acquiring Malaysia’s Karrus Mobility.
Due diligence and valuation remain ongoing; deal terms, including consideration, have not been finalized.
Transaction size under Catalist Rule 1006 will be assessed on signing; shareholder approval will be sought if it is a major transaction.
If the Karrus deal falls through, management plans to evaluate other automotive targets introduced by the same intermediary.
The automotive opportunity came via a third-party intermediary; the chairman has prior sector experience, with plans to add Malaysia automotive expertise to the board.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Asiatic Group (Holdings) Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 9KJ25MJOOJWAN2KA) on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Asiatic Group says it may seek shareholder vote if Karrus Mobility deal is classified as major transaction

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