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Revisions

One Xinghua share for each Pan United share held under demerger plan

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One Xinghua share for each Pan United share held under demerger plan

PC Lee Published on Thu, Oct 05, 2017 / 6:55 PM GMT+8

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SINGAPORE (Oct 5): Shareholders in Pan United Corp will get one Xinghua Port Group share for each Pan United share they hold.

This and other details of Pan United's' plan to spin off its China port business from its core concrete & cement business were revealed in a Thursday pre-EGM dialogue session organised by SIAS.

Pan United says the proposed demerger will create two listed “pure play” companies with distinct and separate core businesses, enabling for more focused management.