Real estate and investment group
Rowsley has agreed to pay up to $8 million in an all-share
deal to acquire AC Consortium, an industrial design firm, via its
wholly-owned subsidiary RSP Architects Planners &
Engineers.
Incorporated in 1999, AC Consortium specializes in
designing industrial buildings such as factories and warehouses.
One Commonwealth, West Park BizCentral, and Oxley BizHub are some
of the projects among the company’s portfolio.
Rowsley will pay for the acquisition by issuing up to
115,654,024 new shares in two tranches to AC Consortium’s founders
Grace Young Kok Inn and Tan Meow Hwa, who will both be staying on
in the company post-acquisition.
Source - Investingnote ,
mmfsolutions