E2-Capital Holdings S$445 million acquisition of Astaka Padu

Overview:

• E2-Capital Holdings has acquired Astaka Padu for S$445 million.
• The Astaka Group is a property development group that is engaged in property development in the Iskandar region of Johor Bahru, Malaysia.
• The acquisition resulted in a reverse takeover of E2-Capital Holdings, which changed its name to Astaka Holdings and listed on the Singapore Exchange's Catalist board.  

Katrin Kostadinova - Data analyst