Charisma Energy acquires 50% stake in Greenzone for $2.2m

It will allot new shares to fund the deal.

Charisma Energy will acquire a 50% stake in local energy company Greenzone for an aggregate consideration of $2.2m.

In order to fund the acquisition, Charisma will allot and issue 171.9 million new shares for Greenzone's shareholders.

The principal business activities of Grenzone are those of design, supply and installation of solar generated equipment and devices and affordable green housing, according to Charisma Energy's filing with the SGX.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!