SiS International Expands with Strategic Acquisition

SiS International Holdings (HK:0529) has released an update.

SiS International Holdings Limited has announced the completion of a significant acquisition, where its wholly-owned subsidiary has purchased 100% of the shares of OneT Solutions Pte. Ltd. for SGD 4,165,000. Following the acquisition, the company will indirectly own approximately 70% of OneT Solutions, with new shares being issued to Mr. Teh Kim Chan as part of his employment agreement. This transaction is classified as discloseable under the Listing Rules due to its size, necessitating further reporting and announcements.

For further insights into HK:0529 stock, check out TipRanks’ Stock Analysis page.