Brief: Xpress Holdings updates on proposed disposal of subsidiaries

A-Smart Holdings

04/03/2016 14:56

March 4 (Reuters) - Xpress Holdings Ltd  XPRL.SI : 
 * Proposed disposal of subsidiaries and available-for-sale financial asset) 
  XPRL.SI  
 * The company, XPL and the purchaser have entered into a conditional sale and purchase agreement on 4 March 2016 
 * Consideration for the proposed disposal is s$1 million 
 * Says group is expected to record a loss on disposal of the sale companies of 
approximately s$20.9 million 
 * Refers to announcement dated 21 January 2016 in relation to co and Xpress 
Print, its wholly owned subsidiary, entering into a non-binding mou 
 
 * Source text for Eikon  ID:nSNZ7zc8cy  
 
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