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Oriental Group Ltd disposal of entire shareholding in Oriental Zhetai (S) Pte. Ltd


Thursday, 2 Jan 2014 05:07am EST 

Oriental Group Ltd:Enters into a Sale and Purchase Agreement to sell all its 51 shares in Oriental Zhetai (S) Pte. Ltd. (JV), representing 51 pct of the issued share capital of the JV, to Anhui Zhetai Stainless Steel Group Co., Ltd for a consideration of S$51 on Dec. 31, 2013.Says the purchaser is the 49 pct shareholder of the JV.Says upon the completion of the disposal, the purchaser will become the sole shareholder of Oriental Zhetai (S) Pte. Ltd.Says the consideration for the disposal, being the cash sum of S$51. 

Company Quote

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30 Oct 2014