Brief: Singapore Myanmar Investco Co enters sale and purchase agreement with Shining Star International

SMI Vantage

20/10/2016 12:06

Oct 20 (Reuters) - Singapore Myanmar Investco Ltd  SINO.SI  
    * Co entered into a sale and purchase agreement ("spa") with 
Shining Star International Holdings Limited 
    * Deal for proposed disposal of entire interest of company 
in its 97%-owned unit Myanmar Infrastructure Group Pte. 
    * Aggregate sale consideration for sale of sale shares will 
be an amount in cash equal to sum of us$12.7 million 
    * Expects to utilise net proceeds from proposed disposal of 
approximately us$12.6 million 
 
Source text for Eikon:  ID:nSNZ4PwMbc  
Further company coverage:  SINO.SI  
 
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