A-Sonic Aerospace unit forms JV with 3DC Solutions, buys 60% stake for S$15.22 million
Reuters2026/08/03 05:17Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- A-Sonic Aerospace unit A-Sonic Logistics agreed to form a joint venture with 3DC Solutions, the holding company for JGL Group.
- Deal structure: S$6 million subscription for 1,549,587 new shares; S$9.22 million purchase of 2,380,166 existing shares.
- Total cash consideration S$15.22 million for a 60% stake in 3DC Solutions on completion, targeted for Oct. 1, 2026.
- Transaction requires shareholder approval at an extraordinary general meeting under SGX major transaction rules.
- Pro forma FY2025 impact: EPS +35.9% to 5.11 Singapore cents; turnover +27.8% to US$292.69 million.
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. A-Sonic Aerospace Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: JCOE9W4AJJ1J93VZ) on August 03, 2026, and is solely responsible for the information contained therein.
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