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Max’s Group Acquires Singapore Management Firm

23 Jan

BY ANGPING & ASSOCIATES SECURITIES

Max’s Group Inc. (MAXS) is acquiring a Singapore-based management consultancy services firm for $1.0 million or about PHP 45.0 million to beef up its local and international operations.

This transaction will allow the company to consolidate support services for both local and international operations, translating to cost efficiencies and operational synergies.

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Global Max Services would be purchased by way of installment, in which 50.0% of the total acquisition amount would be paid upon signing of the agreement, while two tranches of 25.0% each would be paid by June and December this year.

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Posted by on January 23, 2015 in Corporate News, MAXS, Stock Market

 

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