Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
MTQ Corporation
04-07-2018, 06:04 PM. (This post was last modified: 04-07-2018, 06:04 PM by cfa.)
Post: #441
RE: MTQ Corporation
Chairman keep buying shares from open market , another 195,500 SHARES ACQUIRED on 02 July .
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

Find Reply
10-08-2018, 08:04 PM.
Post: #442
RE: MTQ Corporation
Proposed Acquisition of Business

MTQ Corporation Limited announced that the Company’s wholly-owned subsidiary, Mid-Continent Distribution Pte. Ltd. has, on 7 August 2018, entered into a conditional sale and purchase agreement with Mid-Continent Equipment Group Ltd ("Vendor") to acquire the Vendor’s business of supplying and distributing oilfield equipment and spares and the assets in relation thereto.

The Vendor is a 55.89% owned subsidiary of Magnus Energy Group Ltd., a company incorporated in Singapore and listed on the Catalist Board of the Singapore Exchange Securities Trading Limited.

The Company views the Proposed Acquisition as an opportunity to increase the scope and scale of its oilfield operations. The expansion of the Group’s products and service offering are complementary to the Group’s existing businesses.

The total price for the Business and Assets to be paid by Mid-Continent Distribution to the Vendor is US$1,000,000 comprising three (3) tranche of payments.

More details in
Specuvestor: Asset - Business - Structure.
Website Find Reply

Forum Jump:

Users browsing this thread: 1 Guest(s) | Return to Top | Lite (Archive) Mode | RSS Syndication | CONTACT US: | | Share Buy-Back | Disclosure of Interest