Brief: SIA Engineering To Divest 51% Stake In Aviation Partnership (Philippines) Corp

SIA Engineering

26/10/2020 09:51

Oct 26 (Reuters) - SIA Engineering  SIAE.SI : 
    * ENTERED AGREEMENT WITH CEBU AIR TO DIVEST SIAEC'S ENTIRE
51%
SHAREHOLDING IN AVIATION PARTNERSHIP (PHILIPPINES) CORPORATION
    * CONSIDERATION FOR SALE OF SIAEC'S 51% STAKE IN APPC TO CEB
IS
US$5.61M IN CASH
    * CONSIDERATION FOR SALE OF SIAEC'S 51% STAKE IN APPC TO CEB
IS
US$5.61M IN CASH
    * DIVESTMENT EXPECTED TO RESULT IN GAIN OF ABOUT S$1.8
MILLION FOR
FY21
    * CHANGE IN SIAEC'S OWNERSHIP OF APPC NOT EXPECTED TO HAVE
MATERIAL IMPACT ON EARNINGS PER SHARE OF SIAEC GROUP IN
FY2020/21

Source text for Eikon:  ID:nSNZ5d380N 
Further company coverage:  SIAE.SI 

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