Octopus (APAC) (SGX:43A) signed an agreement with Spain's Grupo Osborne, to be the latter's principle distributor under a five-year mandate, according to a Monday filing with the Singapore Exchange.
Shares of the beverage company were up nearly 2% in Tuesday trading.
Osborne has also made a SG$5 million strategic investment in the company, acquiring a 6.40% stake at SG$0.068 per share.
Osborne has a portfolio of premium brands across 70 countries and manages more than 30 brands.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments