OKH to divest minority stakes in logistics businesses for S$49m
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PROPERTY developer OKH Global announced after Thursday's trading close the planned disposal of minority interests in two logistics businesses for a total consideration of S$49 million.
OKH's two wholly-owned subsidiaries, OKH Transhub Pte Ltd and Chronoz Pte Ltd have on March 9 entered into two conditional share sale agreements. OKH Transhub will divest 30 million shares equivalent to a 40 per cent minority stake in PAL Investment, a logistics warehouse owner cum developer to PAL Holdings Pte Ltd (PALH) for S$40 million in cash under the first agreement.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
