Brief: Synthesis Energy Systems Inc says to reduce ownership in Tianwo-SES JV

Synthesis Energy Systems

14/08/2017 14:00

Aug 14 (Reuters) - Synthesis Energy Systems Inc  SYMX.O  
    * Synthesis Energy Systems, Inc. and Suzhou Thvow Technology 
Co. Announce final negotiations for a restructuring agreement 
for their joint venture, Tianwo-SES Clean Energy Technologies 
Co. 
    * Synthesis Energy Systems - ses confirms that co is 
finalizing details of restructuring agreement, and total deal 
value is expected to be 11 million yuan 
    * Synthesis Energy Systems Inc - as part of first step of 
agreements to be finalized, SES has received an initial payment 
of 1.2 million yuan 
    * Synthesis Energy Systems Inc - as part of restructuring 
expect to reduce ownership position in Tianwo-SES from original 
35% holdings to 25% 
 
Source text for Eikon:  ID:nGNXODAVLa  
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