Brief: Tai Sin Electric Says Nylect International To Sell 12.5% Stake In Kingsland Development
11/05/2018 11:02
May 11 (Reuters) - Tai Sin Electric Ltd TAIS.SI :
* NYLECT INTERNATIONAL PTE TO SELL ITS ENTIRE 12.5% EQUITY
STAKE
IN KINGSLAND DEVELOPMENT PTE. TO PERPETUAL (ASIA)
* CO'S SHARE OF ESTIMATED PROFIT AFTER TAX OF NIPL RESULTING
FROM
DISPOSAL IS ABOUT S$3 MILLION
Source text for Eikon: ID:nSNZ1Jk3h7
Further company coverage: TAIS.SI
((Reuters.Briefs@thomsonreuters.com;))
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