SUBSCRIBERS
A-Sonic to divest 40% stake in HK-based associate company
Published Sun, Oct 27, 2019 · 09:50 PM
Singapore
IN LINE with a plan to divest non-core and non-strategic business units, A-Sonic Aerospace intends to divest its 40 per cent interest in an associate company for a total of HK$11.8 million (S$2.04 million), the company announced on Saturday.
The company to be divested is Silver Express International Limited, a cargo-handling firm incorporated in Hong Kong. A-Sonic Aerospace holds 80,000 shares in it through a subsidiary company.
Copyright SPH Media. All rights reserved.
