8I Holdings to sell Singapore property/event company

Company News

by Jessica Amir

8I Holdings Limited (ASX:8IH) has announced the sale of its property and event management company in Singapore.

The investment holding company entered into a Share Swap and Buy-Back Agreement to sell its interest in Hemus Pacific Private.

The deal with Clear A2Z Pte, is for a consideration of 7 million Buy-Back shares in 8I Holdings Limited (ASX:8IH).

If implemented, the proposed transaction will see 8I Holdings gain consolidated equity of about 450,000 Singapore Dollars. 

Shares in 8I Holdings Limited (ASX:8IH) has last traded 6.67% lower on Friday to 42 cents.

 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.