SRS spicers limited
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News: SRS Spicers Enters Agreement To Sell Its Asian Operations To Japan Pulp & Paper Co. Ltd

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    26/09/18
    18:10
    Post #: 35862185

    Sept 26 (Reuters) - Spicers Ltd (SRS) :

    • ENTERED AGREEMENT TO SELL ITS ASIAN OPERATIONS TO JAPAN PULP & PAPER CO., LTD
    • SPICERS WILL FOCUS EXCLUSIVELY ON ITS AUSTRALIAN AND NEW ZEALAND BUSINESSES
    • DEAL FOR ENTERPRISE VALUE OF S$15 MILLION
    • ASIAN OPERATIONS WILL BE RECLASSIFIED AS DISCONTINUED IN SPICERS FY2019 FINANCIAL RESULTS
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