PPK Group Limited (ASX:PPK) entered into a binding memorandum of understanding to acquire a 45% stake in Craig International Ballistics Operations Pty. Limited for AUD 5.3 million on October 28, 2019. As of November 26, 2019, transaction is anticipated to complete in mid December 2019. PPK Group Limited (ASX:PPK) completed the acquisition of 45% stake in Craig International Ballistics Operations Pty. Limited on December 16, 2019.