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Great Group Holdings acquires 90 pct stake in Basic World Resources through subsidiary


Friday, 4 Apr 2014 07:41am EDT 

Great Group Holdings Ltd:Says with its wholly-owned subsidiary, 3W Life Investment Pte. Ltd. (3W Life), on April 04 entered into sale and purchase agreement (Agreement) with Kuoh Hai Siew (the Vendor).For the purchase of 900 shares (Sale Shares) of Basic World Resources Pte Ltd representing 90 pct of the issued share capital of Basic World Resources.Consideration of the proposed acquisition is aggregate amount of S$8.65 mln, payable by 3W Life to the Vendor.Says 50 pct consideration is payable on the date of completion of acquisition and remaining consideration will be paid no later than one year and shall be paid in cash. 

Company Quote

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22 Sep 2014