Oxley Decreases Stake in Subsidiary

MT Newswires

2025/02/17

Oxley (SGX:5UX) decreased its stake in Phu Thinh Land from 80% to 18%, according to a filing with the Singapore Exchange on Friday.

Following the decrease in stake, the Phu Thinh has ceased to be a subsidiary of the group.

The purchaser of Phu Thinh had contributed a sum of 1.11 trillion Vietnamese dong to the capital of Phu Thinh.

Meanwhile, the consideration for the proposed sale has been adjusted to 300 billion dong, pursuant to a supplemental agreement.

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