BRIEF-MBD Corp to unwind JV, sell assets

Tue, 21 Jan - 12:40pm

Jan 21 (Reuters) - MBD Corp Ltd MBD.AX :

* After discussions with partner in citywide building supplies and concrete business, it has been decided to unwind JV, sell the underlying assets

* Sale is expected to complete by 30 June 2014

* Source text for Eikon News Search ID:nASX72wn6G

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((Bangalore Newsroom; +91 80 6749 1130))

URN:

urn:newsml:reuters.com:20140121:nWNBS00AC7:4

Topics:

CYCP HBLD AU CYCS CMPNY CELE CONS ASIA BLR DEAL1 LEN RTRS MRG HSGD BACT APL REGS

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