Leader Environmental Completes Disposal of Subsidiaries; Shares Surge Over 19%

MT Newswires

07/28

Leader Environmental (SGX:LS9) completed the disposal of its subsidiaries, AI Water, UG Water, and Xinwo AI, for a total of 370 million yuan, according to a Friday filing with the Singapore Exchange.

Shares of the company surged over 19% in Monday's trade.

The total consideration comprises 240.8 million yuan in cash and 129.2 million yuan through set-off arrangements.

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