Dominion in total control

FRANKIE Dominion International has entered into an acquisition arrangement under which the 25 per cent equity interest in Big Field owned by Mr Lee Kun has been exchanged for new shares in Silvergrove.

Silvergrove now has full control of Big Field, a consumer product manufacturer, which will purchase a 51 per cent interest in Excellot Trading from Mr Lee for $9.18 million.

Cost will be met by the issue of new Silvergrove shares.