RHT Capital is proud to act as Sponsor and Financial Adviser to Changjiang Fertilizer Holdings Limited (“Company”) for its reverse takeover (“RTO”) exercise.
The Company has completed the acquisition of Chiu Teng 8 Pte Ltd and WBH Investments Pte Ltd and is in the process of acquiring a plot of freehold land in Kempas, Malaysia. Following the completion of the RTO, the Company will be involved in property development and real estate investment, and has set its sights on growth in Singapore and the region. As part of the RTO, the Company has been renamed to Olive Tree Estates Limited (“Olive Tree”) and transferred from the Mainboard of the SGX-ST to the Catalist Board of the SGX-ST.
The Company resumed trading on 29 December 2017 following completion of a share consolidation of every 40 ordinary shares into one (1) consolidated share.
For further details, please refer to the SGX-ST’s news release dated 29 December 2017 here.