Asset Acquisitions and Disposals::NON-BINDING TERM SHEET IN RELATION TO THE PROPOSED DISPOSAL OF CERTAIN SUBSIDIARIES OF THE COMPANY

Issuer & Securities

Issuer/ Manager
ASTI HOLDINGS LIMITED
Securities
ASTI HOLDINGS LIMITED - SG1G77872271 - 575
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
19-Sep-2017 16:14:37
Status
New
Announcement Sub Title
NON-BINDING TERM SHEET IN RELATION TO THE PROPOSED DISPOSAL OF CERTAIN SUBSIDIARIES OF THE COMPANY
Announcement Reference
SG170919OTHRA40U
Submitted By (Co./ Ind. Name)
Dato' Michael Loh Soon Gnee
Designation
Executive Chairman & Chief Executive Officer
Effective Date and Time of the event
19/09/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
The board of directors of the Company wishes to announce that the Company has on 29 August 2017 entered into a non-binding term sheet with China Fortune-Tech Capital Co., Ltd., in relation to the proposed disposal of the entire issued and paid-up share capital of some of its wholly-owned subsidiaries.

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