Brief: Synagie Corporation Announces Proposed Disposal Of Entire E-Commerce, E-Commerce Enabler, & Logistics Business

Oceanscape International

04/08/2020 22:21

Aug 5 (Reuters) - Synagie Corporation Ltd  SYNA.SI :
    * ANNOUNCES PROPOSED DISPOSAL OF ENTIRE E-COMMERCE,
E-COMMERCE
ENABLER, & LOGISTICS BUSINESS OF GROUP
    * DEAL FOR S$61.7 MILLION
    * INTENDS TO DISTRIBUTE CONSIDERATION FROM PROPOSED DISPOSAL
THROUGH PROPOSED SPECIAL DIVIDEND & PROPOSED CAPITAL REDUCTION
    * SEES ESTIMATED NET GAIN OF ABOUT S$41.7 MILLION FROM
PROPOSED
DISPOSAL

Source text for Eikon:  urn:newsml:reuters.com:*:nSN7F8r0g
Further company coverage:  SYNA.SI 

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