Brief: Kimly & LHL Group Enter Deed Of Rescission With Wang Chia Ye & Asian Story Corporation Pte

Kimly

29/11/2018 15:09

Nov 29 (Reuters) - Kimly Ltd  KIML.SI :
    * CO & LHL GROUP ENTERED INTO DEED OF RESCISSION WITH WANG
CHIA YE
AND ASIAN STORY CORPORATION PTE. LTD.  TO RESCIND AB INITIO THE
ACQUISITION
    * VENDOR WANG CHIA YE HAS REPAID S$12 MILLION OF
CONSIDERATION TO
CO, WITH BALANCE TO BE REPAID OVER THREE YEARS
    * CO TRANSFERRED ALL SHARES OF ASIAN STORY CORP PTE TO WANG
CHIA
YE AND LHL GROUP PTE RESCINDED ITS SERVICE AGREEMENT WITH WANG
CHIA YE

Source text for Eikon:  ID:nSNZ2n34fF 
Further company coverage:  KIML.SI 

 ((Reuters.Briefs@thomsonreuters.com;))