Brief: Pan Asian Entered Into Conditional Sale & Purchase Agreement With Individual

Sevens Atelier

28/04/2022 16:10

April 28 (Reuters) - Pan Asian Holdings Ltd  PANA.SI :
    * ENTERED INTO CONDITIONAL SALE & PURCHASE AGREEMENT WITH
INDIVIDUAL
    * DEAL FOR PROPOSED ACQUISITION OF ENTIRE ISSUED & PAID-UP
SHARE
CAPITAL IN SEVENS CREATION PTE
    * AGGREGATE CONSIDERATION FOR ENTIRE ISSUED & PAID-UP SHARE
CAPITAL IN SEVENS CREATION PTE. IS S$12 MILLION
    * CO ENTERED DEAL WITH INCARICH TO DISPOSE EXISTING
BUSINESSES OF
GENERAL TRADING AND SUPPLY OF PIPING SYSTEMS, AMONG OTHERS
    * EXPECTED LOSS ON DISPOSAL OF ABOUT S$2.89 MILLION TO GROUP

Source text for Eikon:  ID:nSN1TCl9Z 
Further company coverage:  PANA.SI 

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