Energy House inks deal to exit stake in unit

Kuwait – Mubasher: Energy House Holding has signed an agreement to sell its 90% stake in a subsidiary.

The exit deal has a value of KWD 2.6 million, according to a bourse filing issued on Monday.

The financial impact from this exit will be a loss, which will be determined later after setting the book value. This impact will be registered in Energy House’s financial statements for the second quarter.

Mubasher Contribution Time: 05-Jun-2017 09:56 (GMT)
Mubasher Last Update Time: 05-Jun-2017 10:05 (GMT)