Eneco unit signs non-binding deal for Fastweld acquisition

The MoU includes 180-day exclusive negotiation period.

Eneco Energy Limited said its wholly owned subsidiary, Eneco Singapore Pte. Ltd., entered into a non-binding memorandum of understanding (MoU) on 30 January to acquire 100% of the issued and paid-up share capital of Fastweld Engineering Construction Pte. Ltd.

The memorandum of understanding provides for an exclusivity period of up to 180 days, extendable by mutual consent, during which the seller is restricted from engaging with third parties whilst the parties conduct due diligence and negotiate a definitive sale and purchase agreement.

The transaction remains subject to further negotiation, satisfactory due diligence and the signing of a definitive agreement, with the MoU not legally binding except for provisions relating to exclusivity, confidentiality and governing law.

The proposed acquisition would constitute an interested person transaction and a significant transaction under the Mainboard Rules, and would require shareholder approval if it proceeds.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia