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CASA Holdings Ltd announces acquisition of shares by wholly owned subsidiary in joint venture company


Thursday, 28 Nov 2013 04:37am EST 

CASA Holdings Ltd:Says a subsidiary, Casa Global Pte Ltd has acquired the remaining 50% of the shareholding interest held by Casa Global's joint venture partner, Mr Hicham Blal Ben Ahmed in the 50% equity interest joint venture company known as Uno Casa S.A.R.L. at Casablanca, Morocco.An aggregate consideration of $911,000 ( Moroccan Dirham 7,400,000) is to be paid to Hicham Blal Ben, for acquisition of the entire 50% interest in Uno Casa.Subsequent to the above transaction, the company will hold 100% of the total issued capital of Uno Casa.The net tangible asset value of the shares acquired is Moroccan Dirham 19,149. 

Company Quote

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29 Jan 2015