Based on the company's share base of just over 387 million shares, the sale, if completed at this price, will net a gain of 15.3 cents per share.
Logistics firm Chasen Holdings (SGX:5NV
) , which operates across the region, is selling a 72% stake in a group of subsidiaries to an unnamed "international company" for $67.4 million.
Upon completion of the deal, which is subjected to regulatory approvals, the company can pocket a net gain of around $59.3 million.
