$SMI Vantage - watch list (Y45.SG)$ SMI Vantage has agreed t...

SMI Vantage has agreed to buy 3,500 shares of Whisky Cask Club, a whisky investment company, from Maureen Clement Knight for SG$3 million, according to a Wed filing on the Singapore Exchange.

The payment will be made by issuing 100 million new shares at SG$0.03 each. This transaction aligns with SMI Vantage's strategy to expand into the food and beverage sector, it said.

The deal will boost SMI Vantage's share capital from SG$101.8 million to S$105 million and increase total shares from 602.7 million to 706.7 million.

Completion is expected by Oct 31.