Standard Paper & Board Singapore Pte. Ltd signed an agreement to acquire 65% stake in De Raj Group AG (XTRA:DRJ) from De Raj family on May 25, 2020. Under the terms of consideration, Standard Paper & Board Singapore Pte. Ltd will acquire the 22.8 million shares of De Raj and the purchase of the De Raj family shares triggers a mandatory public offer to the outside shareholders of De Raj Group AG. With this acquisition, Standard Paper & Board Singapore Pte. Ltd is implementing its plans to expand its business activities in the field of renewable energy. The entry of the new shareholder will enable De Raj Group to leverage its resources for further growth.