The Business Times
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Corporate digest

Published Mon, Jun 4, 2018 · 09:50 PM

Singapore Myanmar Investco

MAINBOARD-listed Singapore Myanmar Investco (SMI) said that its subsidiary, Myanmar Infrastructure Group (MIG), has entered into a US$10.8 million share sale agreement with Tiger Infrastructure for the proposed disposal of its 99.9 per cent-owned indirect subsidiary, TPR Myanmar. TPR is a subsidiary of MIG, and the agreement includes the disposal of 9,999 issued ordinary shares in TPR, as well as all tower stock and power equipment stock held by TPR in its warehouse and its port. The long stop date for the deal stands at Dec 31, 2018.

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