News Formal

Cortina on talk of Sincere Watch acquisition: Among M&A deals explored but nothing firm

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

SINGAPORE (THE BUSINESS TIMES) - Luxury watch retailer Cortina Holding said that it occasionally explores possible merger and acquisition (M&A) opportunities including that with Sincere Watch Limited, but added that it has not inked any definitive agreement for the rumoured acquisition of the latter.. Read more at straitstimes.com.

SINGAPORE - Luxury watch retailer Cortina Holding said that it occasionally explores possible merger and acquisition opportunities including that with Sincere Watch Limited, but added that it has not inked any definitive agreement for the rumoured acquisition of the latter.

In a regulatory statement on Saturday , the retailer made the clarification as it noted a report by The Business Times about rumours that it is considering buying the privately-held Sincere Watch. "The company will, in compliance with the relevant requirements under the listing manual of the Singapore Exchange Securities Trading Limited, make announcements as required if any such merger and acquisition opportunities crystalise or any significant developments arise," said Cortina.

The mainboard-listed retailer ended Friday with a $0.10 or 6.25 per cent decline in its share price to S$1.50 on cum-dividend trading.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 8. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stocks to watch: Sats, Yanlord, AEM, Cortina, Spackman, VicplasTHE following companies saw new developments that may affect trading of their securities on Monday: Read more at The Business Times.
Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »