Sitra Holdings disposes entire stake in World Furnishing Hub for $3.7 mil

The Editor
The Editor3/25/2021 12:29 AM GMT+08  • 3 min read
Sitra Holdings disposes entire stake in World Furnishing Hub for $3.7 mil
Shares in Sitra Holdings closed 0.1 cent lower or 5.9% down at 1.6 cents on March 24.
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Sitra Holdings, the manufacturer of wood-based furniture, has disposed of its entire stake in World Furnishing Hub for a consideration of $3.7 million.

The disposal was done through a sale and purchase agreement (SPA) with Sitra Holdings’ wholly-owned subsidiary Sitra Agencies and Hafary Pte Ltd, a wholly-owned subsidiary of Hafary Holdings Limited (HHL).

The shares held by Sitra Agencies in World Furnishing Hub represents 10% of the total issued and paid up capital of the latter.

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