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StarHub to sell stake in D'Crypt to Temasek

Friday 9 August 2019 | 07:19 CET | News
Temasek has agreed to acquire D'Crypt from StarHub and D'Crypt's founding shareholders Antony Ng, Chew Hwee Boon, and Pang Liang Teck. Under the terms of the agreement, Singapore operator StarHub and the founding shareholders will sell their 100 percent stake in D'Crypt to Temasek for an initial aggregate cash consideration of SGD 100 million, with an additional earn-out consideration of up to SGD 33.6 million payable to the founding shareholders, subject to the achievement of agreed business and performance milestones.

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Categories: Fixed
Countries: Singapore
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