Brief: Metal Component To Sell MCE Industries (Shanghai) Co To Hong Sheng Holding

Meta Health

28/01/2020 11:22

Jan 28 (Reuters) - Metal Component Engineering Ltd
 META.SI :
    * ENTERS CONDITIONAL SALE & PURCHASE AGREEMENT WITH HONG
SHENG
HOLDING FOR SALE OF MCE INDUSTRIES (SHANGHAI)
    * ESTIMATED NET PROCEEDS FROM PROPOSED SALE IS ABOUT S$12.3
MILLION
    * ACCORDINGLY, PROPOSED SALE WILL RESULT IN A GAIN ON
DISPOSAL OF
ABOUT S$8.4 MILLION

Source text for Eikon:  ID:nSNZ9NkjYJ 
Further company coverage:  META.SI 

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