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    M01 — Metro Holdings News Story

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    Brief: Metro Holdings Announces Divestment Of 50% Stake In PT Metropolitan Retailmart

    Picture of Metro Holdings logoMetro Holdings
    12/12/2019 13:33
    Dec 12 (Reuters) - Metro Holdings Ltd  MTHL.SI :
    * METRO HOLDINGS LTD ANNOUNCES DIVESTMENT OF METRO HOLDINGS
INDIRECT INTEREST OF 50% EQUITY STAKE IN PT METROPOLITAN
RETAILMART
    * CONSIDERATION FOR SALE OF 50% OF ISSUED SHARE CAPITAL OF
PT MRM
IS S$25 MILLION
    * UNIT ENTERED DEED OF SALE & PURCHASE & SOLD ITS ENTIRE 50%
EQUITY STAKE IN PT METROPOLITAN RETAILMART TO PT TRANS CORPORA
    * DIVESTMENT OF PT MRM BY METRO PTE EXPECTED TO RESULT IN
GAIN OF
ABOUT S$9.3 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ16NKcL
Further company coverage:  MTHL.SI 

 (Reuters.Briefs@thomsonreuters.com)

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