Sapphire to Strategically Divest 43.87% Equity Stake of Subsidiary Ranken Railway for Cash Consideration of RMB 280 Million

Written by ACN Newswire - Press Releases

SINGAPORE, Jun 2, 2020 - (ACN Newswire) - Sapphire is to strategically divest a 43.87% equity stake of subsidiary Ranken Railway for a cash consideration of RMB 280 million; and to retain 48.82% effective interest in Ranken Railway after divestment.

- With Ranken Railway's (excluding the carved-out assets) transaction valuation of approximately

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