Brief: Adventus Holdings says CS enters into Termination Agreements
24/03/2016 12:32
March 24 (Reuters) - Adventus Holdings Ltd ADVE.SI : * CS has entered into various agreements to terminate the project * Crimson Star Development Pte Ltd had on 12 June 2015 entered into for the project * Says upon the completion of the termination the rights holder of the project shall refund to CS the US$6 million * Concurrent with termination, rights holder of project and vid intend to seek another purchaser for the project * Says termination of the project is expected to contribute positively to the company * Termination of project is expected to have a material effect on earnings per share of co for FY ending 31 December 2016 * Source text for Eikon ID:nSNZ92l7ws * ((For more news, please click here ADVE.SI )) ((Bengaluru Newsroom; +91 806749 1130))
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