Brief: Sin Heng Heavy Machinery Says Co's Substantial Shareholder Entered Sales & Purchase Agreement With United Hope Pte Ltd
30/03/2020 14:45
March 30 (Reuters) -
* SIN HENG HEAVY MACHINERY LTD- CO'S SUBSTANTIAL
SHAREHOLDER,
TOYOTA TSUSHO CORPORATION ENTERED A SALES & PURCHASE AGREEMENT
WITH UNITED HOPE PTE LTD
* SIN HENG HEAVY MACHINERY- DEAL TO SELL ABOUT 27.1% OF
TOTAL
ISSUED AND PAID-UP SHARE CAPITAL OF CO HELD BY TTC FOR TOTAL
CONSIDERATION OF S$12.5 MILLION
* SIN HENG HEAVY MACHINERY LTD- ON BASIS THAT PROPOSED SALE
IS
COMPLETED, TTC WILL CEASE BEING A SUBSTANTIAL SHAREHOLDER OF CO
Source text for Eikon: ID:nSNZ21xHhV
Further company coverage: 8015.T
((Reuters.Briefs@thomsonreuters.com;))
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