MoneySmart to merge with Asia-Pacific Strategic Investments in a $162m deal.

Synopsis

MoneySmart, a financial portal, agreed to merge with Asia-Pacific Strategic Investments, a real estate developer, in a $162m deal. MoneySmart will hold over 75% of the combined entity upon completion of the merger, while APS will relinquish and dispose of its real estate business.

Principals

target

Moneysmart Group

bidder

Asia Pacific Strategic Investments

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