Key Developments: Compact Metal Industries Ltd (COMI.SI)
0.01SGD
23 May 2013
$-0.00 (-12.50%)
$0.01
$0.01
$0.01
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3,111,000
34,026,571
$0.01
$0.00
Latest Key Developments (Source: Significant Developments)
Compact Metal Industries Ltd Updates On Disposal Of Assets By Wholly Owned Subsidiary
Compact Metal Industries Ltd announced that with reference to the announcement made earlier, relation to the Disposal of Assets by PT Cakra Aluminium Industries (PT Cakra), the Company’s wholly-owned subsidiary. The Company now announced that approximately USD1.1 million, which is the final payment of the sale consideration had been received in full. Full Article
Compact Metal Industries Ltd Does Not Declare Dividend
Compact Metal Industries Ltd announced that no dividend has been declared/recommended for the period ended march 31, 2013. Full Article
Compact Metal Industries Ltd Updates On Disposal Of Assets By Wholly Owned Subsidiary
Compact Metal Industries Ltd announced that with Reference is made to the announcement dated March 01, 2013 by the Company in relation to the Disposal of Assets by PT Cakra Aluminium Industries (PT Cakra), the Company’s wholly-owned subsidiary. the Company now announced that approximately USD1.9 million, which is the second payment of the sale consideration had been received in full. Full Article
Compact Metal Industries Ltd's PT Cakra Aluminium Industries Updates On Disposal Of Assets
Compact Metal Industries Ltd announced that the with reference to the announcement made on December 06, 2012, the Company in relation to the Disposal of Assets by PT Cakra Aluminium Industries (PT Cakra), the Company’s wholly-owned subsidiary. The Company now announced that the buyer has requested for a change in payment terms as the buyer had only finalised the financing scheme with their bank recently. The Company has agreed to the proposed change. The revised payment terms are as follows: an initial deposit of 20% of the consideration has been paid on August 07, 2012; second and final payment of the remaining consideration scheduled to be paid on February 28, 2013 will now be paid as follows: USD1.9 million to be paid on March 15, 2013, and final payment of USD1.1 million to be paid on April 30, 2013 Full Article
Compact Metal Industries Ltd Does Not Declare Dividend
Compact Metal Industries Ltd announced that no dividend has been recommended for the financial period ended December 31, 2012 Full Article
Compact Metal Industries Ltd's PT Cakra Aluminium Industries Updates On Disposal Of Assets
Compact Metal Industries Ltd announced that with reference to the announcement dated August 07, 2012, in relation to the Disposal of Assets by PT Cakra Aluminium Industries (“PT Cakra”), the Company’s wholly-owned subsidiary. The Company now announced that the buyer has requested for a change in payment terms and the Company has agreed to the proposed change. The revised payment terms are as follows: an initial deposit of 20% of the consideration has been paid on August 07, 2012; second payment of 50% of the consideration scheduled to be paid on 30 November 2012 will now be paid together with the final payment on completion on February 28, 2013. Full Article
Compact Metal Industries Ltd's Compact Bricks Sdn Bhd Announces Disposal Of Assets
Compact Metal Industries Ltd announced that the Compact Bricks Sdn Bhd (CBSB), a wholly owned subsidiary of the Company has, on November 12, 2012 entered into a Sales and Purchase Agreement (S&P) with Skymaster Builders Sdn Bhd, an unrelated party for the disposal of two plots of industrial land situated in Sedenak, Johor, Malaysia for a total consideration of RMB3.28 million (the Transaction). The proceeds from the sale will be used for working capital and funding of the group’s future business plans. Full Article
Compact Metal Industries Ltd Does Not Declare Dividend
Compact Metal Industries Ltd announced that no dividend has been recommended for the financial period ended September 30, 2012 Full Article
Compact Metal Industries Ltd Announces Investment In Selaco Aluminium Berhad
Compact Metal Industries Ltd announced that the Company has increased its investment in Selaco Aluminium Berhad (Selaco), a company incorporated in Malaysia by way of acquisition of 150,000 ordinary shares from Mr Leong Beng Kong, an unrelated party for a total cash consideration of RM172,500.00 (Acquisition). That following the Acquisition, the Company’s interest in Selaco has been increased to 5,360,003 ordinary shares representing 98.17% of the issued and paid-up share capital of Selaco. Full Article
Compact Metal Industries Ltd Announces Change Of Shareholding Interest In Ael Enviro (ASIA) Pte Ltd
Compact Metal Industries Ltd announced that the Company’s shareholding interest in AEL has been reduced from 82.35% to 70% as a result of the exercise of the share option by the other unrelated shareholder, Mr. Tan Hiang Mong, to subscribe for an additional 150,000 new ordinary shares in AEL. Full Article
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