Wongs International announces termination of joint venture

Industry:    2016-09-21

Wongs International Holdings :

* Wongs Intl-major Transaction – Termination Of Joint Venture And Deemed Acquisition

* Under termination agreement, each party is entitled to a share of agreed net asset value of bollard bay

* Uil and data giant entered into an agreement (“termination agreement”) to put an end to joint venture arrangements relating to bollard bay

* Pursuant to deal uil and data giant will receive cash or assets which represent their proportionate shares of project Source text for Eikon: Further company coverage:

 


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