Brief: Wiseway Group Announces Strategic Investment In SEAIR International
17/11/2022 07:18
Nov 17 (Reuters) - Wiseway Group Ltd WWG.AX :
* STRATEGIC INVESTMENT IN SEAIR INTERNATIONAL
* REACHED AGREEMENT VIA UNIT TO BECOME MAJORITY SHAREHOLDER
IN
SOUTHEAST ASIAN AIRLINES (SEAIR) INTERNATIONAL
* UNIT TO SUBSCRIBE FOR A 51% MAJORITY OWNERSHIP STAKE IN
SEAIR
FOR A TOTAL PURCHASE CONSIDERATION OF US$3.1 MILLION
* POSITIVE EARNING ACCRETION EXPECTED FROM FIRST FULL YEAR
OF
OPERATIONS
Source text for Eikon: ID:nASX2zld5l
Further company coverage: WWG.AX
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