Brief: Okh Global announces proposed divestment of Pal Investment Holdings and Pal Holdings Singapore

Global Resource Construction

09/03/2017 11:46

March 9 (Reuters) - Okh Global Ltd  OKHG.SI  
    * Proposed Divestment Of Pal Investment Holdings Pte. Ltd. 
And Pal Holdings Singapore Pte. Ltd 
    * Deal for aggregate purchase consideration payable in cash 
by palh and bcp under spa 1 and spa 2 is s$49.00 million 
    * Two units Okh Transhub Pte and Chronoz Investment Pte 
entered into two conditional share sale agreements 
    * Deal to dispose of group's entire minority interests in 
Pal Investment Holdings Pte. Ltd. and Pal Holdings Singapore Pte 
    * Expected to record a net loss of about s$7.22 million for 
proposed divestment before transaction costs 
 
Source text for Eikon:  ID:nSNZ7zFbdV  
Further company coverage:  OKHG.SI  
 
 (bangalore.newsroom@thomsonreuters.com)