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Multi-Chem Ltd Announces Sale Of Shares In Joint Venture Company


Friday, 20 Sep 2013 08:23am EDT 

Multi-Chem Ltd announced that the Company had disposed its entire 50% equity interest in Multi-Chem Precision Philippines Corporation (MCL Philippines) to the existing shareholder, Cambridge Electronics Corp. (Cambridge Electronics) for a cash consideration of PHP8,905,511. The consideration was based on a willing buyer and willing seller basis. MCL Philippines ceased to be a joint venture company of the Company. MCL Philippines is a company incorporated in Philippines with 50% equity interests held by the Company and Cambridge Electronics respectively. MCL Philippines is a dormant company. 

Company Quote

0.144
-0.0010 -0.69%
14 Oct 2014