Brief: Hoe Leong Corp Announces Disposal Of Unit Arkstar Unicorn
12/08/2020 11:29
Aug 12 (Reuters) - Hoe Leong Corporation Ltd HLEC.SI :
* UNIT ARKSTAR UNICORN PTE ON 7 AUG ENTERS MOA WITH PHOENIX
INTERNATIONAL LLC
* MOA IN RELATION TO, INTER ALIA, DISPOSAL OF ARKSTAR
UNICORN
* CONSIDERATION REPRESENTS EXCESS OF ABOUT S$1.9 MILLION
OVER BOOK
VALUE OF ARKSTAR UNICORN AT DEC 31
* DEAL FOR US$1.8 MILLION
* HOE LEONG CORPORATION SEES GAIN ON DISPOSAL S$1.5 MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nSNZ9XYdwV
Further company coverage: HLEC.SI
(Reuters.Briefs@thomsonreuters.com)
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