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FINWIRES

TSH Units to Acquire Auld Alliance Whisky Bar Assets

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TSH (SGX:TSH, KLSE:TSH,) subsidiaries, Planet Spirits and The Other Roof, agreed to acquire certain assets of whisky bar operator, The Auld Alliance for up to SG$2 million, according to a Thursday filing with the Singapore Exchange.

The acquisition covers Auld's liquor inventory, along with the fitting at the bar's premises, including "The Auld Alliance" brand and lease of the premises.

The consideration will be settled partly through the issuance of 2.1 million shares at SG$0.24 apiece.

The acquisition is part of the company's strategy to strengthen its beverage and hospitality business.

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