30-Oct-2026 14:53:23
APARINDSAcquisition and merger
APARINDS: CHINA STEP-DOWN SUBSIDIARY ACQUIRES 70% EQUITY INTERESTS OF HEBEI JINGHUAN CABLE
• Wholly owned subsidiary Petroleum Specialities Pte Ltd (PSPL) will acquire 70% equity interests in Hebei Jinghuan Cable Co. Ltd, China. • Estimated purchase price is RMB 24.85 million at P/B of 1x; consideration payable in cash. • Hebei is non-operating with nil turnover in FY25 and will focus on exporting overhead conductors; acquisition aims to diversify APAR's aluminium overhead conductor manufacturing across geographies. • PSPL has a call option, not obligation, to acquire remaining 30% after 5 years based on third-party valuation; first installment 30% within 7 business days of closing, remaining 70% in escrow.
Apar Industries Limited
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