August 27, 2019/Cowry Asset

Upon completion of the deal, UACN will effectively lose controlling interest in MDS Logistics and cease to be Parent company of MDS, having reduced its stake by 8%. Thus, MDS becomes an associate company to UACN and the former’s financial result will be captured in UACN’s group account as income from associate company (UACN to own 43% of MDS Logistics).

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