Xu Jia Zu Holdings, the controlling shareholder of Pan Asian Holdings has, on June 7, announced that it has expressed an interest to dispose a portion of its shares in the company to an unrelated third party. As at June 7, Xu Jia Zu Holdings holds a 77.09% stake in Pan Asian Holdings. AdChoicesADVER...

<p>PAN Asian Holdings is proposing to sell its entire stake in its China pipe and valve manufacturing unit for 14.6 million yuan (S$2.8 million) to buyers Li Wei Jiang and Li Ya Feng.</p>

PAN Asian Holdings said its unit has disposed a remaining 25 per cent stake in DWK Valves (Tianjin) Co (DWKTJ) to purchaser Qi Yao Zhong for 3.1 million yuan (S$625,000).

PAN Asian Holdings said its unit has disposed a remaining 25 per cent stake in DWK Valves (Tianjin) Co (DWKTJ) to purchaser Qi Yao Zhong for 3.1 million yuan (S$625,000).