Vestpa shells out £25 million

Cash shell Vestpa is set to acquire Singapore-based holding company Full Fortune Holdings for some £25.2 million.


Cash shell Vestpa is set to acquire Singapore-based holding company Full Fortune Holdings for some £25.2 million.

Cash shell Vestpa is set to acquire Singapore-based holding company Full Fortune Holdings for some £25.2 million.

The consideration is to be satisfied through the issue of 40.3 million new shares and a cash payment of £5 million. The consideration values all of the issued Full Fortune share capital at approximately £25.17 million.

Full Fortune is an investment holding company whose trading subsidiaries mainly manufacture and sell branded consumer condiments, products and animal feed in the Shandongprovince of China.

Marc Barber

Raven Connelly

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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