Brief: Cedar Strategic updates on divestment of titanium dioxide business

Emerging Towns & Cities Singapore

24/06/2016 15:19

June 24 (Reuters) - Cedar Strategic Holdings Ltd  CEDA.SI : 
 * Update to the divestment of titanium dioxide business in 2012)  CEDA.SI  
 * Co agreed to transfer its 51% equity stake in Jade Marketing & Distribution Pte and 100% equity stake in Jade Real Estate 
 * Deal for consideration of RMB 180 million 
 * As explained in co's announcement dated 31 May 2016, the RMB 180 million 
receivable remains uncollected 
 * Co has successfully located the documents which provided that TCI would repay 
part of the RMB 180 million receivable 
 * Has concluded that there is presently no basis for the company to take legal 
action against in Nany Sing Charlie 
 
 * Source text for Eikon  ID:nSNZ3rPY6f  
 
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