By The Nation
Rojana is a major shareholder in Ticon.
Ticon announced the sale in a Friday media release.
The share sale transaction is subject to the approval of the shareholders’ meeting of Rojana (which is scheduled to take place on March 23, 2018).
Frasers Assets Co Ltd is expected to then make a general tender offer to purchase the securities in the Company from the existing shareholders of the Company in accordance with the applicable laws and regulations.