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Ideal Homes to take over HTL International for $300 million, subject to final approvals

( June 23, 2016, 04:40 GMT | Official Statement) -- MLex Summary: Singapore-based furniture manufacturer and distributor HTL International has received an offer from Ideal Homes International to acquire its 399.8 million issued shares for S$1 each, valuing  HTL at nearly S$400 million ($300 million). Ideal Homes is a wholly owned subsidiary of Shanghai-listed wooden furniture and floor manufacturer Yihua Group. The deal has already been cleared by the Investment Commission of the Ministry of the Economic Affairs of Taiwan and still needs approval from the High Court of Singapore.The companies' full statement is attached....

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