Cash shell Vestpa is set to acquire Singapore-based holding company Full Fortune Holdings for some £25.2 million.

Cash shell Vestpa is set to acquire Singapore-based holding company Full Fortune Holdings for some £25.2 million.

The consideration is to be satisfied through the issue of 40.3 million new shares and a cash payment of £5 million. The consideration values all of the issued Full Fortune share capital at approximately £25.17 million.

Full Fortune is an investment holding company whose trading subsidiaries mainly manufacture and sell branded consumer condiments, products and animal feed in the Shandongprovince of China.