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Mencast Holdings proposes to dispose minority interest in Vac-Tech Engineering for max consideration of $8.8 mil

Felicia Tan
Felicia Tan • 3 min read
Mencast Holdings proposes to dispose minority interest in Vac-Tech Engineering for max consideration of $8.8 mil
If the proposed disposal had been affected on Jan 1, 2021, Mencast’s earnings per share (EPS) would have been at 1.95 cents instead of 1.46 cents.
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Mencast Holdings has proposed to dispose of its minority interest in Vac-Tech Engineering.

The company, through its subsidiary, Mencast Energy, along with Vac-Tech Engineering’s other shareholders, entered into a sale and purchase agreement (SPA) with Blue Planet Environmental Solutions on Dec 17. The SPA will see Blue Planet Environmental Solutions purchasing a 100% stake in Vac-Tech Engineering comprising three million issued and paid-up ordinary shares.

Blue Planet Environmental Solutions is a Singapore-incorporated waste management and upcycling solutions company.

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