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World Precision Machinery Makes 25 Million Yuan Tranche Payment in Hainan Acquisition

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World Precision Machinery (SGX:B49) has completed the fifth tranche payment of 35 million yuan on Sept. 1 for its acquisition of hospitality assets from Hainan Xinglong Pearl Investment, according to a Thursday filing on the Singapore Exchange.

The balance of 12.4 million yuan, representing the last tranche of payment, will be paid according to a planned schedule.

The deal, approved by shareholders in December 2023, involves acquiring 100% of a project company holding certain hospitality-related assets and liabilities.

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