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China Bearing Singapore Ltd (CBRG.SI)

CBRG.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

China Bearing Singapore announces proposed acquisition of Pt Anugrah Tambang Sejahtera
Wednesday, 24 Aug 2016 06:44am EDT 

China Bearing Singapore Ltd : Proposed acquisition of the entire issued and paid-up share capital of Pt Anugrah Tambang Sejahtera) . Says entered into a term sheet with Far East Mining Pte. Ltd. ("vendor") and Pt Anugrah Tambang Sejahtera . Says total consideration for the proposed acquisition is expected to be up to USD120 million .  Full Article

China Bearing (Singapore) Ltd proposes disposal
Thursday, 30 Jul 2015 07:02am EDT 

China Bearing (Singapore) Ltd:Company has on 29 July 2015 entered into a sale and purchase agreement with Spring Century Investment Limited (Purchaser).Pursuant to which the Company has agreed to sell to the Purchaser the entire issued and paid-up share capital of Linyi Kaiyuan Bearing Co., Ltd. (LYKY), a wholly-owned subsidiary of the Company, on the terms and subject to the conditions of the SPA.Consideration for all the issued and paid-up ordinary shares in the share capital of the LYKY shall be an amount equivalent to S$15 million be payable in cash, subject to the Consideration Adjustment.  Full Article

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