Feb 25 (Reuters) - SML Corp Ltd SOP.AX :
* Directors' statement re reverse takeover SOP.AX
* Entered into a binding heads of agreement to acquire all the shares in osc
group pte, a private singaporean property development company
* Outlook for the company in the short and medium term is not positive for
developing and expanding its current business and operations
* Says consideration for the acquisition comprises 320 million new fully paid
shares
* Source text for Eikon ID:nASX6zGN7c