GS Holdings to Acquire Integrated Beverage Solutions Group, Octopus Distribution Networks, for S$11.8 Million; Expected to Yield Significant Opportunities and Additional Financial Benefits
Octopus Distribution Networks is one of the leading integrated beverage solutions group in Singapore, providing brand management, import, export, distribution, logistics and warehousing of alcoholic and non-alcoholic beverages and liquor in Singapore- Accretive acquisition that is synergistic to the Group’s business model and expected to yield significant opportunities and additional financial benefits- Bringing a wealth of expertise and talent that enhances the Group’s leadership and experience in the F&B industry- The Group recently completed a rights issue that was oversubscribed with net proceeds of S$8.4 million raised for future expansion and working capitalOn the left: Independent and Non-Executive Chairman of GS Holdings Limited…
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