Offer - BZT due $10m...they wil go for more :)13 Nov 2020 14:34
· Under the terms of the AsiaPhos SPA is to acquire MMJV by way of a reverse takeover transaction to be satisfied by the issue of AsiaPhos shares for the lower of i) Singapore $72M (approx. GBP40.5M) or ii) fifty percent (50%) of an independently Agreed Valuation (as defined below). If the Proposed AsiaPhos Acquisition (defined below) is completed then, under the terms of the Transaction between Bezant and MMIH, Bezant is due to be issued $10m of shares in the listed entity holding MMJV.