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NATS.SI on Stock Exchange of Singapore

29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

NSL Ltd closing of poposed disposal and commencement of joint venture
Monday, 4 May 2015 06:20am EDT 

NSL Ltd:Refers to the proposed entry by the compny and its direct wholly-owned subsidiary, NSL Engineering Holdings Pte. Ltd (NSEH) and Salzgitter Maschinenbau AG (SMAG) into a joint venture.Pursuant to the said joint venture the company and NSEH will dispose of and contribute to the joint venture company Peiner SMAG Lifting Technologies GmbH (NewCo).Board wishes to announce that the date of this announcment all the closing conditions have beeen satisfied pursuant to thetems of contribution agreement save for the closing condition in relation to Shanghai Peiner SMAG Machinery Co. Ltd.Says JV holding 64.75 pct of its equity interest, pursuant to section 6.4 of the Contribution Agreement NSEH, SMAG and NewCo have on 29 April 2015.  Full Article

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