Brief: MBH Corporation And Asia Pacific Energy Venture Pte Announce Demerger

MBH

22/04/2020 16:32

April 22 (Reuters) - MBH CORPORATION PLC  M8H.DE :
    * MBH CORPORATION PLC AND ASIA PACIFIC ENERGY VENTURE PTE
LTD
ANNOUNCE DEMERGER
    * SINCE ACQUISITION, IT HAS BECOME APPARENT THAT BUSINESS
STRATEGIES OF MBH AND APEV ARE MOVING IN DIFFERENT DIRECTIONS
    * KEY STAKEHOLDERS AGREE IT IS IN CURRENT BEST INTEREST OF
BOTH
PARTIES TO SEPARATE
    * APEV WILL DEMERGE FROM MBH GROUP, CONSIDERATION THAT WAS
DUE TO
BE PAID TO APEV SHAREHOLDERS WILL NOT BE PAID

Source text for Eikon:  ID:nEQ2K5j70a 
Further company coverage:  M8H.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;;))