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BRIEF-Guan Chong says unit acquires sellers’ assets for $8.4 million
September 27, 2017 / 3:04 PM / 2 months ago

BRIEF-Guan Chong says unit acquires sellers’ assets for $8.4 million

Sept 27 (Reuters) - Guan Chong Bhd

* Pursuant to sale order & asset purchase agreement entered into with Cocoa Services LLC and Morgan Drive Associates LLC, unit acquired sellers’ assets

* Deal for an aggregate purchase price of $8.4 million

* Purchase price for asset acquisition will be funded via combination of 40% internally generated funds and 60% banking facilities

* Acquisition not expected to have material effect on earnings of gcb group for fy ending 31 Dec 2017 Source text: (bit.ly/2yGD3bz) Further company coverage:

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