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GPS Alliance Holdings Ltd's Subsidiary Acquires Issued And Paid-Up Share Capital Of Probuild Solution Pte. Ltd., Ecobuild Products Pte. Ltd., Novel Praxis Pte. Ltd. And Probuild Solution Sdn Bhd


Sunday, 18 Aug 2013 09:54pm EDT 

GPS Alliance Holdings Ltd announced that its wholly owned subsidiary, GPS Alliance Home Solutions Pte. Ltd. (GPSHS) has entered into sale and purchase agreements (the SPAs) with the respective shareholders of Probuild Solution Pte. Ltd., Ecobuild Products Pte. Ltd., Novel Praxis Pte. Ltd., each a private limited company incorporated in Singapore, and Probuild Solution Sdn Bhd, a private limited company incorporated in Malaysia, (collectively, the Target Companies), for the acquisition of the entire issued and paid-up share capital of each of the Target Companies (the Acquisition). Pursuant to the SPAs, the aggregate consideration paid by GPSHS for the Acquisition (the Consideration) was SGD1,426,600 of which SGD839,960 was paid in cash; SGD293,320 was satisfied by the allotment and issuance of new ordinary shares in the issued and paid-up share capital of GPSHS amounting in aggregate to 20% of the enlarged capital post-completion to Ms Eunice Koo; and SGD293,320 was satisfied by the allotment and issuance of new ordinary shares in the issued and paid-up share capital of GPSHS amounting in aggregate to 20% of the enlarged capital post-completion to Mr Michael . 

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