Brief: Site Group International Says Term Sheet Signed For Sale Of 62.5% Of Shares In Unit

Site International

07/03/2022 01:19

March 7 (Reuters) - Site Group International Ltd  SIT.AX :
    * SITE GROUP INTERNATIONAL LTD - TERM SHEET SIGNED FOR SALE
OF
62.5% OF SHARES IN SUBSIDIARY SGH
    * SITE GROUP INTERNATIONAL - INVESTOR GROUP TO PAY A TOTAL
OF
USD$10M TO SUBSCRIBE FOR 62.5% INTEREST IN SGH
    * SITE GROUP INTERNATIONAL LTD - INVESTMENT WILL ALSO
INCLUDE A
LOAN OF USD$1M IN SGH PROVIDED BY STARA AND ARMADA

Source text for Eikon:  ID:nASX5W5Xpw 
Further company coverage:  SIT.AX 

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