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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. 

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27 Mar 2015