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Osim International Ltd Becomes 53.7% Majority Owner Of TWG Tea Company Pte Ltd


Wednesday, 16 Oct 2013 06:01am EDT 

Osim International Ltd announced that OSIM has entered into an agreement to increase its effective shareholding in TWG Tea Company Pte Ltd (TWG Tea) from 45% to a strategic controlling stake of 53.7%. There is no change in the management team of TWG Tea, which remains committed to the future development and growth of TWG Tea. The purchase consideration was USD7.2 million. 

Company Quote

2.13
0.1 +4.93%
26 Nov 2014