Brief: Acromec Says Unit Entered Various Deals With Nutara Investment

AcroMeta

10/09/2020 15:51

Sept 10 (Reuters) - ACROMEC Ltd  ACRO.SI :
    * UNIT ENTERED VARIOUS DEALS WITH NUTARA INVESTMENT TO
FORMALISE
JV TO BUILD-OWN-OPERATE ITS WASTE-TO-ENERGY PLANT
    * THROUGH AGREEMENTS NUTARA TO CO-FINANCE PROJECT, WHICH HAS
AN
ESTIMATED INVESTMENT VALUE OF S$10 MILLION
    * NUTARA WILL BE INVESTING IN JVCO, CONTRIBUTING S$1.3
MILLION FOR
A 30% STAKE
    * ACROPOWER & NUTARA WILL PROVIDE NEO TIEW POWER WITH
SHAREHOLDERS
LOANS OF UP TO S$5.0 MILLION AND S$2.7 MILLION RESPECTIVELY

Source text for Eikon:  ID:nSNZ7nfMzS 
Further company coverage:  ACRO.SI 

 ((Reuters.Briefs@thomsonreuters.com;))