BRIEF-Synthesis Energy Systems Inc says to reduce ownership in Tianwo-SES JV ​
Aug 14 (Reuters) - Synthesis Energy Systems Inc
* Synthesis Energy Systems, Inc. and Suzhou Thvow Technology Co. Announce final negotiations for a restructuring agreement for their joint venture, Tianwo-SES Clean Energy Technologies Co.
* Synthesis Energy Systems - ‍ses confirms that co is finalizing details of restructuring agreement, and total deal value is expected to be 11 million yuan​
* Synthesis Energy Systems Inc - ‍as part of first step of agreements to be finalized, SES has received an initial payment of 1.2 million yuan​
* Synthesis Energy Systems Inc - ‍as part of restructuring expect to reduce ownership position in Tianwo-SES from original 35% holdings to 25%​ Source text for Eikon: Further company coverage: