Asia Standard International Group's Unit to Dispose Entire Stake in SPV for Over $21 Million
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Asia Standard International Group's subsidiary, Miracle Point Ventures, will sell its entire stake of 932,613 A shares in Z Babylon AS Investments for $21.4 million. This represents 98.2% of the target's total issued share capital, which is a special-purpose vehicle holding 100% equity in Amer Sports. Post-sale, the company will have no interest in the target, and proceeds will be used for general working capital.
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