Singaporean investment holding company Rich Capital is preparing to extend into the construction business with the planned purchase of two construction companies for up to $43.98 million.
Rich Capital has entered into a conditional share purchase agreement with Rich-Link Group to buy Singapore-based Rich-Link Construction (RLC) and Rich-Link Builders (RLB).
Rich Capital noted that the purchase of RLC and RLB will enable it to boost its asset base.
In addition, Rich Capital will be able to leverage the companies’ construction expertise, specifically in the provision of construction services for ongoing and future property development projects within the company.