
Acquisitions1 Sept 2026, 09:58 am
Telge Global Inc. to Acquire 100% Stake in Wheaton Detailing Services
AI Summary
Telge Projects Ltd's material subsidiary, Telge Global Inc., has entered into a Share Purchase Agreement (SPA) to acquire 100% of Wheaton Detailing Services, Inc. (WDS Inc.) for US $85,000. The acquisition is subject to conditions precedent. Telge Projects Ltd is not a direct party to the agreement, but upon completion, WDS Inc. will become a step-down subsidiary. The transaction aims to expand Telge Global Inc.'s business into structural steel detailing and design services in the USA.
Key Highlights
- Subsidiary Telge Global Inc. to acquire 100% of Wheaton Detailing Services.
- Acquisition cost is US $85,000.
- WDS Inc. will become a step-down subsidiary upon completion.
- Transaction subject to conditions precedent.
- Focus on structural steel detailing and design services in USA.
Price Impact
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