May 24, 2017 / 1:17 AM / 3 months ago

BRIEF-Raffles Capital Limited to acquire Gashub Companies

May 24 (Reuters) - Raffles Capital Ltd:

* Entered into a binding 'Heads of Agreement'

* Plans to conduct a capital raising under a full form prospectus to raise up to $10 million

* Agreement for acquisition of all securities in Singapore domiciled Gashubin Engineering and Gashubin Technology

* Says Raffles Capital Limited to acquire Gashub Companies

* Says Gashub Group managing director Lim Shao-Lin expected to hold about 40.2 pct of listed entity after completion of deal Source text for Eikon: Further company coverage:

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