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5EF - Adventus Holdings News Story

S$0.022 -0.0  -4.4%

Last Trade - 9:49am

Micro Cap
Market Cap £25.0m
Enterprise Value £40.2m
Revenue £n/a
Position in Universe 4803rd / 5992

BRIEF-Adventus Holdings says CS enters into Termination Agreements

Thu 24th March, 2016 12:32pm
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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