GS Holdings proposes to dispose of cleaning and dishwashing business

The group said its expansion into these segments have shown promising results over the course of fiscal 2019, despite being a new entrant in those markets.

GS Cleaning Services provides general cleaning services and manufactures kitchen and household utensils. As at May 31, the net liability value of GS Cleaning Services is S$852,000. The total consideration payable by GreatSolutions is S$2 in cash, which took into consideration the adjusted net asset value of the targets - about S$100 as at May 31.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

With Zoom meetings, webinars and online programmes, is business travel dead?We won’t need to travel as much as we did but cross-border business (and there will still be plenty) requires the crossing of borders, believes one business correspondent.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

AnAn unit proposes acquisition of French petrol products distributor for 4m eurosA UNIT of fuel oil trader AnAn International on Thursday proposed to acquire Orceyre, a French distributor of refined petroleum products, for about four million euros (S$6.3 million), the mainboard-listed company said in a bourse filing late on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »