First Sponsor unit completes acquisition of 60% stake in Guangdong land

MAINBOARD-LISTED First Sponsor’s wholly-owned subsidiary, Wenjiang , has completed its acquisition of 60 per cent of the shares in Concord Focus Development, the Singapore-based property developer said on Monday night.

The SPA stated that 100 per cent of Concord shares will be acquired by FS No 9 and/or other parties as may be nominated by FS No 9 from the three individuals, subject to First Sponsor retaining a controlling stake in Concord after the acquisition. On Monday, First Sponsor said the remaining 40 per cent of Concord shares was acquired by Masaoka Realty Investment , an unrelated third party designated to be one of the purchasers as per the SPA.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asset-based finance software provider HPD LendScape opens first Asian office in SingaporeASSET-BASED finance (ABF) software company HPD LendScape has opened its first Asian office in Singapore. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

First, business class air travellers to pay higher departure levy out of M'sia
Source: TODAYonline - 🏆 1. / 99 Read more »

ComfortDelGro reveals 6.2% increase in first-quarter earningsPowered by contributions from new acquisitions, transport giant ComfortDelGro posted a 6.2 per cent increase in first-quarter earnings to $70.4 million for the period ended March 31. The Singapore-listed group - which has operations in China, Australia and Britain - saw...
Source: thenewpaper - 🏆 7. / 63 Read more »