Brief: Darco Water Technologies announces proposed disposal of 60% equity interest in Darco Youli Co

Darco Water Technologies

16/06/2017 10:56

June 16 (Reuters) - Darco Water Technologies Ltd  DRWT.SI  : 
    * Proposed disposal of 60% equity interest in Darco Youli 
Co., ltd. 
    * Agreed to sell its 40% equity interest in Darco Youli to 
Hsu at price of TWD 10.27 per share 
    * Entered into two separate sale and purchase agreements 
with Hsu Chin-Kou and Kokuto Kaku 
    * Gain on disposal is approximately S$9,000 
    * Net sale proceeds from proposed disposal is estimated to 
be approximately S$2.6 million 
 
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