Brief: Uni-Asia to restructure company; enters implementation deal with NewCo
23/01/2017 09:52
Jan 23 (Reuters) - Uni-asia Holdings Ltd UAFC.SI
* Intends to implement a proposed restructuring of company
by way of a scheme of arrangement between co and scheme
shareholders
* Entered into an implementation agreement with NewCo
* Under scheme, NewCo proposes to acquire all existing
issued ordinary shares of par value of US$1.60 each of company
* Restructuring intended to enable establishment of
structure where newly incorporated Singapore Investment Holding
Company will own company
* Company will cease its function as listed vehicle within
NewCo group
Source text for Eikon: ID:nSNZcgH9y5
Further company coverage: UAFC.SI
((Bangalore.newsroom@thomsonreuters.com;))
Recent news on Uni-Asia
See all newsBrief: Uni-Asia Group Says Shinichiro Ishizaki To Succeed Masahiro Iwabuchi As CEO
Brief: Uni-Asia Limited Signs Agreement For Second Newbuild Double Hull Bulk Carrier
Brief: Uni-Asia Group Proposes Acquisition Of Vessel M/V Uni Harmony From Quest Bulkship S.A.
Brief: Uni-Asia Group Provides Final Update On M/V Glengyle Incident
Brief: Uni-Asia Group Signs Agreement For A Newbuild Double Hull Bulk Carrier