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Companies & Markets

Perennial disposes 20% stake in Chinese health firm for 200m yuan

Published Fri, Jan 25, 2019 · 11:08 AM
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PERENNIAL Real Estate Holdings has sold its 20 per cent stake in Shenzhen Aidigong Modern Maternal and Child Health Management for 200.7 million yuan (S$39.8 million), it said on Friday.

The stake was sold to one of the existing shareholders, and via an indirect wholly owned subsidiary of Perennial.

Shares of Perennial closed on Friday at S$0.635, down one Singapore cent. 

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