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17/09/2014 08:39

Deson applies to spin off construction & engineering unit

[ET Net News Agency, 17 September 2014] Deson Development International (00262) said it
had submitted the listing application for the proposed spin-off of Deson Construction
International Holdings Limited (DCIHL) on GEM.
The company proposes to give due regard to the interests of the shareholders by
providing qualifying shareholders with an assured entitlement to the DCIHL Shares by way
of a distribution in specie of up to 32% of the issued share capital of DCIHL if the
proposed spin-off proceeds.
DCIHL is proposed to be the new holding company of the construction and engineering
group. (HL)

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