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Osim International Ltd Announces Sale Of Shares In OSIM (THAI) Co.,Ltd

Monday, 18 Nov 2013 04:25am EST 

Osim International Ltd announced that it has sold a 25% equity interest, comprising 275,000 shares, in OSIM (Thai) Co.,Ltd.(OSIM (Thai)). The aggregate cash consideration for the sale of shares is SGD250,000 and the sum of consideration was arrived on a “willing buyer willing seller” basis between the parties after arm’s length negotiations. OSIM is selling the 25% stake to its country manager, who will be responsible for driving the sales and profitability of OSIM (Thai). 

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11 Jul 2014