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LTC Corporation Ltd (LTCL.SI)

LTCL.SI on Stock Exchange of Singapore

23 Jun 2017
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$0.03 (+4.31%)
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Latest Key Developments (Source: Significant Developments)

LTC Corporation says unit entered into a share sale agreement
Wednesday, 26 Apr 2017 05:45am EDT 

April 26 (Reuters) - LTC Corporation Ltd ::LTC Corporation Limited (40% joint venture with Belleview Sdn. Bhd. in Regata Maju Sdn. Bhd.).Unit has entered into a shares sale agreement with Belleview Sdn. Bhd..Upon completion of SS agreement, GCSB and vendor will hold 40% and 60% of shares of RMSB respectively.Agreement not expected to have any material impact on consolidated earnings of group for current financial year ending 30 june 2017.Transaction is funded through internal resources and/or existing banking facilities.Under SS agreement, GCSB shall acquire sale shares at a consideration of 25.9 million rgt.  Full Article

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