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OKH Global plans to divest IT business

Shareholders to get units in firm holding the business

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Published Tue, Oct 22, 2013 · 10:00 PM

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INDUSTRIAL property developer OKH Global plans to dispose of its IT business, which is separated from its core business, following a $123 million reverse takeover of Chinese technology firm Sinobest.

The company will divest itself of two units: Guangzhou Sinobest Information Technology and Sinobest Technologies (HK).

"The proposed distribution allows the company to dispose of the IT business, which has low return on equity," OKH said in a statement yesterday.

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