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BRIEF-Grand-Flo enters shares sale agreement to dispose 32 million Simat shares
May 16, 2017 / 11:09 AM / 6 months ago

BRIEF-Grand-Flo enters shares sale agreement to dispose 32 million Simat shares

May 16 (Reuters) - Grand-flo Bhd

* Enters shares sale agreement with Thanawat Lertwattanarak, to dispose 32 million Simat shares, representing about 8.086% equity interest in Simat

* Deal for total cash consideration of THB106.6 million

* 57% of total gross proceeds from disposal will be used to repay a 2-year term loan Source text:(bit.ly/2rbDtG3) Further company coverage:

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