Umanis SA completed the acquisition of an unknown majority stake in SunTseu
Umanis SA (ENXTPA:ALUMS) agreed to acquire an unknown majority stake in SunTseu during summer of 2021. The transaction will be fully financed without recourse to debt. SunTseu reported a revenue of around 4.5 million in 2020. SunTseu will be consolidated in the Umanis's accounts following the final signing of the acquisition contract which scheduled for mid of October 2021.
Umanis SA (ENXTPA:ALUMS) completed the acquisition of an unknown majority stake in SunTseu in October 2021