Jan 20 (Reuters) - MACA Ltd (MLD) : Maca acquires contracting...

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    Jan 20 (Reuters) - MACA Ltd (MLD) :

    • Maca acquires contracting business (MLD)
    • Says acquisition consideration of approximately $5 million in cash
    • Says contract tenures range from 3 to 19 months
    • Says Maca expect to finalise the purchase of alliance with settlement to

      occur by the end of January 2016

    • Says co entered into an agreement with shareholders of alliance contracting

      pty for the purchase of all the shares of alliance

    • Says acquisition will provide Maca with new working relationships with Metals

      X Limited

    • Acquisition consideration will be funded from maca's existing cash resources
                            
 
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