Singapore: APSI enters RTO deal with acquisition of China property developer

Singapore: APSI enters RTO deal with acquisition of China property developer

Construction workers in China. Credit: Flickr/Ming Xia

Singapore listed Asia-Pacific Strategic Investments (APSI) is acquiring a 100 per cent  stake in a China-based investments manager cum property developer – Joint Investment in Housing – for a consideration of S$33 million ($22.9 million), with the proposed transaction resulting in a reverse takeover of APSI.

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