Mergers & Acquisitions
By The Online Investor Staff, updated Wed., May. 13, 5:16 AM
Slide #58. SKK Holdings Limited — Drone Assets of Rantizo, Inc.
| Acquirer: |
SKK Holdings Limited (NASDAQ:SKK) |
| Acquiree: |
Drone Assets of Rantizo, Inc. |
| Details: |
SKK Holdings Limited (NASDAQ: SKK) ("SKK Holdings" or the "Company"), today announced that it has entered into a definitive asset purchase agreement (the "Asset Purchase Agreement") with Rantizo, Inc. ("Rantizo"), a Delaware corporation headquartered in Houston, Texas, under which SKK Holdings will acquire substantially all of Rantizo's drone-assets used in agricultural spraying, seeding, and monitoring for agriculture, forestry emergency response, and commercial applications (the "Acquired Assets"). The Acquired Assets will be acquired in exchange for newly issued Class A ordinary shares of SKK Holdings. |
SKK Holdings is a holding company. Through its subsidiaries, Co. is engaged in providing engaged civil engineering service in subsurface utility works in Singapore. Co. provides civil engineering services in Singapore that cover subsurface utility works including power and telecommunication cable laying works, water pipeline works and sewer rehabilitation works. Co. is also engaged in the construction installation, underground piping works, underground utility infrastructure construction and maintenance, Horizontal Directional Drilling works, sewer rehabilitation, plumbing and sanitary works.
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