India, May 5 -- HomesToLife Ltd (HTLM), a Singaporean furniture company, said on Monday that it has inked a deal with New Century International Homes Pte Ltd to acquire HTL Marketing Pte Ltd, a Singaporean B2B procurer and supplier of premium upholstered sofas and leather materials for sofa manufacturing.
The acquisition is anticipated to be closed in the second quarter of 2025. The acquirer expects that the acquisition will help HomesToLife to leverage HTL Marketing's international network and customer base to access extensive global market opportunities.
Under the terms, New Century will obtain 75 million shares from HomesToLife at a par value of $0.0001 per share, which will be subject to two-year lock-up restrictions.
Post-transactio...