Supply@Me Capital signs heads of terms for Singaporean acquisition

Supply@Me Capital stated the acquisition would allow its platform to complete its global offering, by monetising inventory "in-transit" and generate a number of "attractive synergy benefits" for the group, from both a funding and customer origination perspective.

Following the signing of the agreement and completion of due diligence, the AIM-listed group expects to complete the acquisition within the next month.

Supply@Me said a further announcement would be made on completion of the transaction and added that it also plans to issue a trading update before the end of March.

As of 1045 GMT, Supply@Me shares were up 5.04% at 0.50p.