Brief: Serial System Ltd updates on investment in Newstone Technology Limited
23/12/2016 10:13
Dec 23 (Reuters) - Pdf 1: Serial System Ltd (Investment In
Newstone Technology Limited) SERL.SI
* Unit entered into a joint venture agreement with beston
international (hong kong) ltd
* Serial system - investment is not expected to have any
material impact on earnings per share of company for current
financial year ending 31 dec 2016
*
* Smhk will invest 51% equity interests in newstone
* Total investment of us$1.5 million in newstone by smhk
will be funded through internal resources/bank borrowings
* Issued and paid-up capital of newstone will be us$3mln
Source text for Eikon: ID:nSNZ2sDmyg
Further company coverage: SERL.SI
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