VGO Corp plans to acquire property-related business

VGO Corp, known for sporting goods chain World Of Sports, said it would be acquiring Sky Win Management Consultancy.
VGO Corp, known for sporting goods chain World Of Sports, said it would be acquiring Sky Win Management Consultancy.ST PHOTO: LIM YAOHUI

SINGAPORE - Listed homegrown firm VGO Corp, known for sporting goods chain World Of Sports, said Monday (June 6) it is acquiring private firm Sky Win Management Consultancy.

The deal price will be decided on a later date, and will be done through allocating and issuing new shares in VGO, said the firm in a filing on the Singapore Exchange (SGX).

VGO added "the proposed acquisition may result in a reverse takeover" which is subject to SGX's and shareholders' approval.

Sky Win Management Consultancy is owned by Mr Colin Tan June Teng and Edwin Tan Ping Huang, who are known as the brothers behind Malaysia-based developer Hatten Group.

rachaelb@sph.com.sg