World Precision Makes 28.6 Million Yuan Tranche Payment in Hainan Acquisition

MT Newswires

2025/02/19

World Precision Machinery (SGX:B49) has completed the third tranche payment of 28.6 million yuan for its acquisition of hospitality assets from Hainan Xinglong Pearl Investment, according to a Tuesday filing on the Singapore Exchange.

The balance of 77.4 million yuan will be paid according to a planned schedule.

The deal, approved by shareholders in December 2023, involves acquiring 100% of a project company holding certain hospitality-related assets and liabilities.

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