Brief: Aspen (Group) Updates On Consultation And Proposed Divestment Of 70% Stake In KHTP Assets

Aspen (Group) Holdings

10/05/2024 02:46

May 10 (Reuters) - Aspen (Group) Holdings Ltd  ASPE.SI :
    * UPDATE ON CONSULTATION AND PROPOSED DIVESTMENT OF ENTIRE
70%
SHAREHOLDING INTEREST IN KHTP ASSETS
    * ENTERED A CONDITIONAL SHARE PURCHASE AGREEMENT FOR SALE OF
70%
OF STAKE IN KHTP ASSETS TO KULIM TECHNOLOGY PARK CORP
    * STAKE SALE IN KHTP ASSETS TO KTPC FOR 74.1 MILLION RGT
    * PROPOSED DIVESTMENT WOULD ENABLE CO TO REALISE EXPECTED
GAIN OF
72.6 MILLION RGT AT PRESENT

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