BBR Holdings (SGX:KJ5), together with Tan Kheng Hwee Andrew entered into a sale and purchase agreement with Yingsak Jangwalert to dispose off 196,000 shares in the share capital of Siam BBR Systems for a total cash consideration of 19,600 baht.
Siam BBR provides structural engineering and design and build services in Thailand.
The shares represent 49% of the total issued and paid up capital of Siam BBR, according to a filing with the Singapore Exchange on Thursday.
Proceeds from the disposal will be utilized for general working capital.
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