Invicta Holdings would dispose for R347.4 million its 51.19 percent shareholding in Singapore-based Kian Ann Group (KAG) to entities controlled by Zou Jian Liang and associates (ZOU) of 48.81 percent and to Loy Soo Chew (LSC) of 2.38 percent. Photo: File
Invicta Holdings is ready to sell its stake in the Kian Ann Group
By Edward West
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INVICTA Holdings would dispose for R347.4 million its 51.19 percent shareholding in Singapore-based Kian Ann Group (KAG) to entities controlled by Zou Jian Liang and associates (ZOU) of 48.81 percent and to Loy Soo Chew (LSC) of 2.38 percent.
Agreement had also been reached to allow share subscriptions in KAG by IAH and ZOU, to facilitate an increase of KAG’s 27.6 percent stake in Kunshan Kensetsu Buhin (KKB) and its 50.01 percent shareholding in Modesty Investment Holding (MIH) to 100 percent, respectively.

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