Brief: Fabchem China Says Entered Into Non-Binding Term Sheet With Valiant Investments, GCAP Australia Investments Pty, Gazelle Capital Pte

Lincotrade & Associates Holdings

12/10/2020 11:36

Oct 12 (Reuters) - Fabchem China Ltd  FBCH.SI :
    * ENTERED INTO NON-BINDING TERM SHEET WITH VALIANT
INVESTMENTS,
GCAP AUSTRALIA INVESTMENTS PTY, GAZELLE CAPITAL PTE
    * TO ACQUIRE NOT LESS THAN 71.26% OF SHARES IN RENEWABLE
POWER
MANAGEMENT
    * PURCHASE CONSIDERATION EXPECTED TO BE S$22 MILLION FOR
71.26% OF
RENEWABLE POWER MANAGEMENT PTY LTD

Source text for Eikon:  ID:nSN7ZVdQT 
Further company coverage:  FBCH.SI 

 ((Reuters.Briefs@thomsonreuters.com;))