Autron sells 49% stakes in two companies in $28.6 million deal

Has sold its stakes in Swan Symphony and Living Lotus to a Middle-Eastern investment corporation.

Autron Corporation Limited (ASX:AAT) has completed the sale of its 49% stakes in Swan Symphony and Living Lotus to an investment firm.

The sale was announced in January. The firm was offering $28.6 million for the shares, which would give Autron a realised gain of $8.71 million.

The companies have been bought by Majestic Masterpiece, a wholly-owned subsidiary of Abu Dhabi-Kuwait-Malaysia Investment Corporation (ADKM).

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