Sucro Limited (TSE:SUGR) has released an update.
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Sucro Limited has announced an agreement to acquire equipment from its principal shareholder, SC Americas Corp, for $1.2 million. This transaction, involving equipment used in Sucro’s Trinidad operations, will be settled by offsetting debts owed by SC Americas. The deal is classified as a related party transaction but is exempt from formal valuation and minority approval due to its value being less than 25% of Sucro’s market capitalization.
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