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Goodpack Ltd announces acquisition of shares in Singkor Investment Pte. Ltd and Singkor Marketing (HK) Limited


Thursday, 2 Jan 2014 05:56am EST 

Goodpack Ltd:Enters into sale and purchase agreements with Shon Jungil on Dec. 31, 2013.Says agreement relating to acquisition of 150,000 ordinary shares in Singkor Investment Pte. Ltd. (SIPL), a subsidiary of the company.Says agreement relating to acquisition of 7,500 ordinary shares in Singkor Marketing (HK) Limited (SMHKL), a subsidiary of the company.Says for SIPL a total consideration of $1,900,000 payable to vendor.Says for SMHKL a total consideration of $100,000 payable to vendor.Says As a result of the acquisition of shares the company’s shareholding in SIPL and SMHKL will be increased from 85 pct to 100 pct.Says Goodpack Korea Ltd (GKL) is a wholly owned subsidiary of SIPL, consequently the Company’s interest in GKL will also be increased from 85 pct to 100 pct. 

Company Quote

2.5
0.01 +0.40%
2 Sep 2014