ICQ icar asia limited
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News: ICQ Icar Asia EnterS Into Binding Agreement To Acquire Carmudi Indonesia

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    19/09/19
    08:55
    Post #: 40476078

    Sept 19 (Reuters) - Icar Asia Ltd (ICQ) :

    • ENTERED INTO A BINDING AGREEMENT TO ACQUIRE CARMUDI INDONESIA
    • SYNERGIES FROM DEAL EXPECTED TO RESULT IN COMBINED BUSINESSES BREAKING EVEN IN 2020
    • GROUP IS STILL ON TRACK FOR EBITDA BREAK EVEN BY END OF 2019.
    • PURCHASE PRICE FOR ACQUISITION IS USD 3M (APPROXIMATELY A$4.4M)
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