PPK Group Completed Acquisition Of 45% Interest In CIB

  • Dec 16, 2019 AEDT
  • Team Kalkine

PPK Group Limited (ASX: PPK) announced the completion of the acquisition of 45% interest in Craig International Ballistics Pty Ltd (CIB), which is the manufacturer of soft and hard ballistic products that are used for the security and defence sectors.

PPK group had entered a binding MoU on 28 October 2019 for this acquisition.

PPK has issued 500,000 shares in PPK at $4.50 and made a cash payment of $2,750,000, equating to a total consideration of $5,000,000 for the stake in CIB.

AT AEDT 2:07 PM, the shares of PPK are trading at $5.100, up 0.8% from its previous close.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK