Brief: Darco Water Technologies says acquisition of 4-storey office building in Hubei province

Darco Water Technologies

31/08/2016 10:55

Aug 31 (Reuters) - Darco Water Technologies Ltd  DRWT.SI : 
 * Proposed acquisition of 4-storey office building in Hubei province of people's republic of China)  DRWT.SI  
 * Proposed acquisition is not expected to have a material impact on the earnings per share 
 * Deal for a total consideration of RMB11.9 million 
 * Unit Wuhan kaidi water services co., ltd acquired an office building in Hubei province of people's republic of China 
 * Says the purchase consideration will be wholly satisfied in cash, which will be funded by internal resources 
 * No person is proposed to be appointed as a director of company in connection with proposed acquisition 
 * Says the board expects the proposed acquisition will be completed by December 2016. 
 * Source text for Eikon  ID:nSNZ3TjHDb  
 
 
 
 
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