THE Singapore Exchange has rejected Nutryfarm International's 90 million Chinese yuan (S$18 million) acquisition of a 45 per cent stake in tech company First Linkage over concerns about a contractual workaround to address foreign ownership restrictions.

Nutryfarm first announced the proposed acquisition of First Linkage in March 2018 for a consideration of $13.3 million. The post SGX rejects Nutryfarm’s proposed 45% acquisition of First Linkage appeared first on DealStreetAsia.

THE Singapore Exchange has rejected Nutryfarm International's 90 million Chinese yuan acquisition of a 45 per cent stake in tech company First Linkage over concerns about contractual workarounds to address foreign ownership restrictions.