<article>DeClout is divesting its stake in a Cambodian subsidiary while NSL is selling off its dry mix business in Southeast Asia.</article>

DeClout is divesting its stake in a Cambodian subsidiary while NSL is selling off its dry mix business in Southeast Asia.
<h3 style="text-align: justify;">Declout divests stake in Cambodian subsidiary</h3>
<a style="color: #000080;" href="http://dealstreetasia.com/tag/declout" target="_blank">Declout</a>  subsidiary Asia Wiring Systems (AWS) has agreed to sell its entire 55 per cent stake in Asia Wiring Systems (Cambodia) or AWS (Cambodia) to Ly Sakhun for a cash consideration of S$778,000 ($570,000).
Details in a <a style="color: #000080;" href="http://infopub.sgx.com/FileOpen/AWS%20Cambodia%20Disposal.ashx?App=Announcement&amp;FileID=427685" target="_blank">filing</a> indicate that the purchaser is a member of local management and owns the remaining 45 per cent of the company, classifying this transaction as a <a style="color: #000080;" href="http://www.investopedia.com/terms/m/mbo.asp" target="_blank">management buyout</a>.
The cash consideration consists of an initial payment of US$456,000 paid on the signing of the sale &amp; purchase agreement, followed by another payment of US$114,000 payable on completion of the disposal or by 31 December 2016 &#8211; whichever is earlier.
AWS (Cambodia) serves data and building owners with energy-saving, wiring, communication and networking offerings.
<h3 style="text-align: justify;">NSL to divest dry mix business for S$142m</h3>
<a style="color: #000080;" href="http://www.nsl.com.sg/" target="_blank">NSL Limited</a> is divesting its dry mix business in Singapore, Malaysia, Hong Kong and China to Saint-Gobain Produits pour la Construction S.A.S and Saint-Gobain Malaysia Sdn. Bhd., a direct wholly-owned subsidiary of SGPPC.
According to the <a style="color: #000080;" href="http://infopub.sgx.com/FileOpen/NSL_Disposal%20Announcement_4%20November%202016.ashx?App=Announcement&amp;FileID=427828" target="_blank">filing</a>, through its indirect wholly-owned subsidiary Eastern Pretech, and its units in Singapore and Malaysia, the company is selling its stake in Emix Industry Singapore and Emix Industry (HK),
SGPPC is the ultimate parent company of the Construction Products Sector of the <a style="color: #000080;" href="https://www.saint-gobain.com/en/group" target="_blank">Saint-Gobain Group</a> holding equity interests in companies belonging to the Construction Products Sector worldwide.
SGMY, a Malaysian Sendirian Berhad, is a direct wholly-owned subsidiary of SGPPC holding equity interests in other Malaysian companies belonging to the Saint-Gobain Group and running industrial and commercial activities in Malaysia.
The aggregate consideration for the units that NSL is disposing of amounts to a bid of S$142.56 million. However, this consideration is minutes the aggregate net debt &#8211; the next debt of Emix Singapore, Emix Malaysia and Emix Industry HK.
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DeClout has sold off its Cambodian unit in an MBO deal, while NSL has divested its dry mix business.

SG Dealbook: DeClout divests Cambodian arm; NSL sells dry mix biz

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SG Dealbook: DeClout divests Cambodian arm; NSL sells dry mix biz

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