Emmbi Industries Limited — Important, 17-01-2025: Updates

Zastian Pte. Ltd., a wholly-owned subsidiary of Emmbi Industries Limited, has signed a Share Purchase Agreement to acquire Mitras F414 GmbH, a German entity. Mitras is newly incorporated and has yet to commence operations, holding an authorized capital of 25,000 Euro with no turnover reported. The acquisition aims to expand Emmbi's business into the distribution and trading of packaging materials and woven fabric, aligning with their broader strategic objectives. The total cost of acquisition is 27,500 Euro, representing a 100% stake in Mitras, which is expected to enhance Emmbi's operational footprint. The transaction grants Emmbi direct access to the European market and presents a positive outlook for future growth through diversification.