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Enviro-Hub Holdings Ltd Announces Proposed Disposal Of Cimelia Resource Recovery Pte. Ltd.


Tuesday, 23 Jul 2013 05:22am EDT 

Enviro-Hub Holdings Ltd. announced that with reference to the announcement made by the Company on Feb 6, 2013 in relation to the Proposed Disposal (Announcement), the Circular and the Ordinary Resolution passed by the shareholders of the Company at the extraordinary general meeting (EGM) of the Company held on June 24, 2013 approving the Proposed Disposal. The Board announced that further to the EGM, the Purchaser has, in breach of its obligations under the SPA, failed to complete the Proposed Disposal in accordance with the terms and conditions of the SPA. The Board notes that the reason for the non-completion is due to the inability of the Purchaser to raise the completion cash payment required to complete the Proposed Disposal in accordance with the terms and conditions of the SPA. 

Company Quote

0.033
-0.0020 -5.71%
29 Aug 2014