GS Holdings Ltd. (Singapore) (SG:43A) has released an update.
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GS Holdings Ltd. is set to acquire Octopus Distribution Networks for S$11.8 million, a move that is expected to enhance its business model and financial prospects. Octopus, a leading beverage solutions provider in Singapore, will bring valuable expertise to GS Holdings. This strategic acquisition follows a successful rights issue by GS Holdings, raising S$8.4 million for expansion and working capital.
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