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BRIEF-Himatsingka Seide to dis-invest 100 pct holding in unit Giuseppe Bellora
March 22, 2017 / 8:37 AM / 6 months ago

BRIEF-Himatsingka Seide to dis-invest 100 pct holding in unit Giuseppe Bellora

March 22 (Reuters) - Himatsingka Seide Ltd

* Says board approved to dis-invest 100 percent holding in unit Giuseppe Bellora SRL and sell same to Himatsingka Europe Ltd at fair market value

* Post dis-investment of co’s holding, Giuseppe Bellora SRL will become a wholly owned step down unit of Himatsingka Europe

* Board also approved the closure of the step down subsidiary Himatsingka Singapore PTE Limited Source text: bit.ly/2mTpRtJ Further company coverage:

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