Brief: A-Smart Co Announces JV Agreement To Develop Property In Dili, Timor-Leste

A-Smart Holdings

07/03/2019 12:30

March 7 (Reuters) - A-Smart Holdings Ltd  ASMA.SI :
    * CO & LIAO SHENG- TUNG, NG CHOON MENG, VICO CONSTRUCTION &
DANIEL
VINCENT IONG REMEDIOUS ENTERED INTO A JV AGREEMENT
    * JV PARTNERS TO CONTRIBUTE UP TO USD 20 MILLION TO JV AS
SHAREHOLDERS' LOANS IN PROPORTION TO RESPECTIVE SHAREHOLDINGS IN
JV
    * GROUP WILL HAVE 60% STAKE IN JV AND ITS CAPITAL COMMITMENT
IN JV
WILL BE UP TO $12 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ38rGG2
Further company coverage:  ASMA.SI 

 (Reuters.Briefs@thomsonreuters.com)