Hosen to Dispose of Indirect Subsidiary

MT Newswires06-14

Hosen Group (SGX:5EV) said that its wholly owned subsidiary, Hock Seng Food agreed to dispose of 100% stake in its subsidiary, Hock Seng Food Shanghai, to Shanghai TuanLuo Management, a filing with the Singapore Exchange said on Thursday.

The disposal will take place within 60 days from the sale and purchase agreement, following which, Hock Seng Food Shanghai will cease to be an indirect subsidiary of Hosen Group.

Price (SGD): S$0.04, Change: S$, Percent Change: %

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