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K22 - Raffles United Holdings News Story

S$0.066 0.0  0.0%

Last Trade - 13/08/19

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £32.5m
Position in Universe th / 5983

BRIEF-Raffles United updates on disposal of equity investment in subsidiary

Wed 30th November, 2016 9:49am
Nov 30 (Reuters) - Raffles United : 
    * Raffles united -entered into a sale and purchase agreement 
dated 30 november 2016 to dispose its 60% of ordinary shares 
held by company in its taiwan subsidiary, ascend bearings 
    * Deal for fair value consideration of s$1 million 
    * Raffles united- disposal is expected to result in a 
material loss on disposal of subsidiary, which would contribute 
to expected net loss for group for fy ending 31 dec 
 
Source text for Eikon:  ID:nSNZ8Df3Bn  
Further company coverage:  RAFF.SI  
 
 ((bangalore.newsroom@thomsonreuters.com;))
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