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AGP Pte to be acquired by Hua Kok International

Hua Kok International Ltd, based in Singapore, will acquire 51% of the equity interest in AGP Pte Ltd. producer of (AGP) for SGD 3.5 million.
AGP is a Singapore incorporated company which produces he…

Hua Kok International Ltd, based in Singapore, will acquire 51% of the equity interest in AGP Pte Ltd. producer of (AGP) for SGD 3.5 million. AGP is a Singapore incorporated company which produces heat-strengthened safety glass, laminated glass, curved glass, double glazed units, silkscreen decorative glass and reflective high performance energy saving glass for the architectural, furniture and shipping industries. The sale price is split into cash of SGD 2.5 million and the new issue of Hua Kok shares of SGD 1.0 million. Upon completion of the acquisition, AGP will become a subsidiary of Hua Kok, the companies said in a recent press statement. The main assets of AGP are a glass reflective coating line, two glass tempering furnaces, a glass laminating line, a double-glazing line and various processing lines for treating glass. Its factory space is leased.

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