Formosa in deal

PUBLISHED : Monday, 21 August, 1995, 12:00am
UPDATED : Monday, 21 August, 1995, 12:00am

FORMOSA Growth Fund directors have entered into an agreement with Crosby Securities and H G Asia for the placing of 3.57 million ordinary shares at US$12.58 per share.


Because Timothy Beardson is both a non-executive director of Formosa Growth Fund and a director of Crosby's holding firm, the deal was classed as a connected transaction.