Summary:

• Dyneff SAS, a subsidiary of Anan International, agreed to acquire 60% of France’s FJB SAS, which owns Jean & Barthes SAS, an installer of photovoltaic solar panels, electrical, heating and air-conditioning systems​

• The deal, valued at up to EUR 1.1614 million including an earn-out over three years, will be funded from internal resources and was priced off a five-year business plan and EBITDA-based valuation​

• The acquisition is positioned as a strategic move to deepen Dyneff Group’s footprint in renewable energy and strengthen its HVAC operations in the French market​

• Completion is subject to extensive conditions precedent, including management changes, debt waivers, corporate restructuring steps, and minimum EBITDA of EUR 111,000 at Jean & Barthes SAS​

• On a pro forma basis, the transaction would marginally lift group NTA per share from 1.492 to 1.494 US cents and narrow FY2024 loss per share from 0.025 to 0.023 US cents​

• Under SGX Listing Rules, the deal is classified as a “disclosable transaction,” with the acquired business representing 10.64% of group net profit and 2.44% of market capitalisation​