Staff Reporter
,
Singapore
The purchase consideration was US$750,000.
CWT Limited made the acquisition in Serbia via its subsidiary as part of its ongoing business development and expansion of supply chain management business.
Effective interest in MG Oil d.o.o is 75%. The company’s principal activity is import and distribution of oil to local traders and consumers.
The announcement said the acquisition is not expected to have any material impact on the net tangible assets or earnings per share of the CWT Group for the financial year ending 31 December 2012.
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!