AnAn to get US$3.5 m from deal with controlling shareholder

Published Sun, Jan 14, 2018 · 07:43 AM

AnAn International has signed a service agreement with its controlling shareholder that will grant the company a service fee of US$3.5 million.

The company said after trading closed on Friday, the agreement signed with controlling shareholder, AnAn Group (Singapore) Pte Ltd, is for the provision of investment management and advisory services.

"The company shall be paid a service fee by AnAn Group, equivalent to an aggregate of US$3.5 million for the provision of services," it added.

The agreement takes effect from Jan 1, 2018 and will end on Mar 31, 2018.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Companies & Markets

Air China to buy 100 locally made C919 jets in US$11 billion deal
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder

Purchase this article

Companies & Markets

Companies & Markets

AnAn to get US$3.5 m from deal with controlling shareholder

Companies & Markets

Air China to buy 100 locally made C919 jets in US$11 billion deal

HCA beats first-quarter profit estimates on higher patient admissions

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT