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

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

MAINBOARD-LISTED First Sponsor’s wholly-owned subsidiary, Wenjiang (BVI), has completed its acquisition of 60 per cent of the shares in Concord Focus Development, the Singapore-based property developer said on Monday night. Read more at The Business Times.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia 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 »