Brief: Tiong Seng Holdings Says Units Acquired Additional Interest In Tianjin Zizhulin Guangang Property Co

TIONG SENG HOLDINGS

12/01/2018 10:32

Jan 12 (Reuters) - Tiong Seng Holdings Ltd  TISE.SI : 
    * UNITS ACQUIRED ADDITIONAL INTEREST IN TIANJIN ZIZHULIN 
GUANGANG 
PROPERTY CO., LTD FOR AGGREGATE CONSIDERATION OF RMB38.4 
MILLION 
    * ACQUISITION NOT EXPECTED TO HAVE A MATERIAL IMPACT ON 
CO'S EPS 
FOR FY ENDING 31 DEC 2018 
    * POST ACQUISITION, CO'S EFFECTIVE INTEREST IN TIANJIN 
ZIZHULIN 
GUANGANG PROPERTY CO LTD WILL INCREASE FROM 64.0% TO 69.5% 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ2JhDN7 
Further company coverage:  TISE.SI  
 
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