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UMS Holdings acquires 70% stake in Starke Singapore

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UMS Holdings acquires 70% stake in Starke Singapore

Samantha Chiew Published on Thu, Mar 29, 2018 / 6:43 PM GMT+8

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SINGAPORE (Mar 29): UMS Holdings announced that it is acquiring a 70% stake in non-ferrous metal alloys specialist, Starke Singapore.

The cash consideration for the acquisition will be determined based on the net tangible assets value per share of Starke for the financial period ended March which is still being prepared.

Based on Starke’s unaudited accounts for the financial year ended Dec 2017, the consideration shall be $7.1 million.

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