Pacific Century Regional Developments Completes SG$18.8 Million KSH Distriparks Stake Sale
MT Newswires10-26 11:16
Pacific Century Regional Developments (SGX:P15) has completed the sale of its entire indirect 49.87% shareholding in KSH Distriparks for around SG$18.8 million, according to a Friday filing to the Singapore stock exchange.
The shares were sold to Delhi International Cargo Terminal, following a sale and purchase agreement announced on Aug. 22.
PCRD Services, the company's subsidiary responsible for the disposal, received final consideration of 1.37 billion Indian rupees at closing after adjustments, leading to an estimated gain of around SG$4.2 million, assuming the transaction had been completed on June 30.
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