Home News Company in the news

Mencast Holdings proposes to dispose minority interest in Vac-Tech Engineering for max consideration of $8.8 mil

Felicia Tan
Felicia Tan12/18/2022 12:55 AM GMT+08  • 3 min read
Mencast Holdings proposes to dispose minority interest in Vac-Tech Engineering for max consideration of $8.8 mil
If the proposed disposal had been affected on Jan 1, 2021, Mencast’s earnings per share (EPS) would have been at 1.95 cents instead of 1.46 cents.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Mencast Holdings has proposed to dispose of its minority interest in Vac-Tech Engineering.

The company, through its subsidiary, Mencast Energy, along with Vac-Tech Engineering’s other shareholders, entered into a sale and purchase agreement (SPA) with Blue Planet Environmental Solutions on Dec 17. The SPA will see Blue Planet Environmental Solutions purchasing a 100% stake in Vac-Tech Engineering comprising three million issued and paid-up ordinary shares.

Blue Planet Environmental Solutions is a Singapore-incorporated waste management and upcycling solutions company.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.