Brief: 3Cnergy Says Co To Sell Entire Issued Ordinary Shares Of 3C Marina Park For An Aggregate Consideration Of S$36.0 Million

ProsperCap

23/02/2022 15:10

Feb 23 (Reuters) - 3Cnergy:
    * CO TO SELL ENTIRE ISSUED ORDINARY SHARES OF 3C MARINA PARK
FOR
AN AGGREGATE CONSIDERATION OF S$36.0 MILLION
    * SUBJECT TO COMPLETION OF PROPOSED DISPOSAL, A CAPITAL
REDUCTION
EXERCISE IS PROPOSED TO BE CARRIED OUT
    * NET GAIN ON DISPOSAL OF SALE SHARES IS ABOUT S$5.57
MILLION
    * PROPOSED CAPITAL REDUCTION TO INVOLVE WRITE-OFF OF
ACCUMULATED
LOSSES OF CO BASED ON LATEST FINANCIAL STATEMENTS TO EXTENT OF
S$138.9 MILLION

Source text for Eikon:  ID:nSN1HCrw6 
Further company coverage:  CNER.SI 

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