Stock Market Today : Pan-United to sell tug and barge business to founding family for $29.9 mil .

SINGAPORE (Oct 5): Pan-United Corporation on Tuesday reported it is stripping its whole value stakes in two completely claimed auxiliaries, Pan-United Shipping and P.U. Vision, to Sedgefield Corporation for $29.92 million. 

Sedgefield is entirely possessed by Jane Kimberly Ng Bee Kiok, Ng Bee, and Ng Han Whatt, who are controlling shareholders of Pan-United, and also individuals from Pan-United's establishing Ng family. 


Dish United will need to look for endorsement from shareholders at an unprecedented general meeting as the proposed arrangement is regarded as an invested individual exchange.

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