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DeClout selling 72.09% stake in Acclivis to Citic Telecom
It expects gross proceeds of up to S$45.6m and disposal gain of up to S$27.9m
Anita Gabriel
Published Wed, Oct 12, 2016 · 09:50 PM
Singapore
CATALIST-LISTED DeClout's key agenda to unlock value has been falling nicely in place.
Three months after it spun off and listed its unit Procurri on Singapore Exchange's mainboard, the information and communications technology (ICT) service provider is on to its "second harvest" - to plump up its capital base by selling a 72.09 per cent owned subsidiary to China's Citic Telecom International Holdings.
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