disposal

Matex International to fully dispose stake in Matex Chemicals for $1.3 mil - THE EDGE SINGAPORE

M&A

Matex International to fully dispose stake in Matex Chemicals for $1.3 mil

The proposed disposal will enable Matex International to recover the intercompany loans of RMB57.9 million.

M&A

IHH Healthcare mulls sale of education arm

Deliberations are ongoing and there is no certainty that IHH will proceed with a transaction, according to insiders.

Company in the news

Ezion disposes mortgaged vessel for US$18.5 mil

The gain generated is estimated to be at US$1.4 million.
FSL Trust to sell two LR2 product tanker newbuildings  - THE EDGE SINGAPORE

Offshore & Marine

FSL Trust to sell two LR2 product tanker newbuildings

FSL Trust says it has received the initial 15% deposit in escrow.
Hengyang Petrochemical Logistics and CEO Gu dispose of stake in Jiangsu entity for $4.3 mil - THE EDGE SINGAPORE

M&A

Hengyang Petrochemical Logistics and CEO Gu dispose of stake in Jiangsu entity for $4.3 mil

The gain upon completion is expected to be RMB5,592.
Sunpower disposes manufacturing and services business for $463.0 mil - THE EDGE SINGAPORE

Company in the news

Sunpower disposes manufacturing and services business for $463.0 mil

The company says it intends to declare a special dividend of about RMB1.34 billion to its shareholders.
Koufu sells stake in PT Super Tea Indonesia for $0.4 mil - THE EDGE SINGAPORE

Company in the news

Koufu sells stake in PT Super Tea Indonesia for $0.4 mil

As at 9.42am, shares in Koufu are trading flat at 68 cents.
Boustead Singapore sells wholly-owned subsidiary to Chip Eng Seng subsidiary for $7.28 mil - THE EDGE SINGAPORE

Company in the news

Boustead Singapore sells wholly-owned subsidiary to Chip Eng Seng subsidiary for $7.28 mil

The disposal is expected to have a positive impact on Boustead Singapore’s EPS for the current FY ending March 31, 2021.
Japfa disposes 80% stake in Greenfields Dairy for $393.9 mil - THE EDGE SINGAPORE

M&A

Japfa disposes 80% stake in Greenfields Dairy for $393.9 mil

Earnings per share (EPS) for FY2019 ended December would have been 19.05 US cents instead of 6.45 US cents.

Mining

Golden Energy and Resources disposes 4 mil shares in Westgold Resources for A$9 mil

The disposal was completed via an on-market sale on Friday (July 3).
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