Brief: KSH Holdings says Beijing Jin Hua Tong Da Real Estate Development entered into shares transfer agreement

KSH Holdings

09/12/2015 10:53

Dec 9 (Reuters) - KSH Holdings Ltd  KSHH.SI : 
 * Says shares transfer of joint venture company in the People'S Republic of China 
 * Says BJJHTD and KAP has further agreed to inject RMB36.9 million 
 * Co's 45%-owned associated co, Beijing Jin Hua Tong Da Real Estate Development entered into shares transfer agreement 
 * BJJHTD and KAP will each pay Herons RMB 8.1 million amounting to RMB16.3 million in total being the purchase consideration 
 * Shares transfer agreement with Kap Holdings (China) Pte. Ltd. ("Kap") and Herons Investment Limited 
 * Shares transfer not expected to have any material impact on net earnings per share of co for FY ending 31 March 2016 
 * Under the agreement, Herons will transfer its entire existing of 20% shares while BJJHTD and KAP will each receive 10% shares in SSKAP 
 * Required funding from the group will be funded by internal sources and external borrowings 
 * Source text for Eikon  ID:nSNZbXn019  
 
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