Blumont poised to attract foreign investors
Said to have been tapped by global financial parties.
According to OSK, Blumont had been approached by "global financial parties" including an international fund management firm who have expressed interest in investing in Blumont through a private placement where discussions are ongoing.
Here's more:
In addition, Blumont have claimed that it has held discussions with over 20 additional potential acquisition targets and joint venture partners, mostly consisting of listed firms.
Some of these discuissions are at an advanced stageand the company expects the imminent announcements of some of this deals.Blumont closed at SGD2.39 yesterday with a volume of 29.9m shares traded.