Key Developments: Hanwell Holdings Ltd (HANW.SI)

HANW.SI on Stock Exchange of Singapore

0.23SGD
31 Aug 2015
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Latest Key Developments (Source: Significant Developments)

Hanwell Holdings Ltd updates on proposed disposal of entire 49 pct of shareholding intertest in Million Cube Limited, associated company
Friday, 9 Jan 2015 04:04am EST 

Hanwell Holdings Ltd:Says that indirect wholly-owned subsidiary, PSC (China) Property Co Limited and Kang Cheng Holdings Limited (Purchaser) informed company that Purchaser had requested further time to assess Sanya Yalong Bay Sun Valley Golf Club, Yalong Bay National Resort Area, Sanya City, Hainan Province, China.Both parties have mutually agreed, pursuant to terms of sale and purchase agreement dated March. 20, 2014, to extend the completion date which was originally scheduled to be completed on Dec. 31, 2014 to June. 30, 2015.Vendor had todate received the total sum of HK$50,000,000 being the non-refundable partial consideration and the final balance consideration of HK$257,000,000 for the proposed disposal will be payable by purchaser upon completion.  Full Article

Hanwell Holdings Ltd updates on the proposed disposal of Million Cube Limited, associated company
Monday, 10 Nov 2014 04:04am EST 

Hanwell Holdings Ltd:Further to company‚Äôs previous announcements, the company announces that indirect wholly-owned subsidiary, PSC (China) Property Co., Limited has received further sum of HK$20,000,000.00 being third tranche payment of non-refundable consideration of the proposed disposal today.  Full Article

Hanwell Holdings Ltd announces striking off of wholly-owned subsidiaries
Wednesday, 30 Jul 2014 05:14am EDT 

Hanwell Holdings Ltd:Board of Directors of Hanwell Holdings Limited wishes to announces that the following wholly-owned subsidiaries of the Company in Singapore had submitted its application with Accounting & Corporate Regulatory Authority (ACRA) to strike off from the Register on July 29 and July 30 respectively;.Says Econ Minimart Services Pte Ltd (Company Registration No.: 198304532G) (EMSPL), which was dormant since Sept. 20, 1983 (date of incorporation); and Education Solutions International Pte. Ltd. (Company Registration No.: 200303525K) (ESIPL) which ceased its operations since March. 17, 2010.Striking-off of EMSPL and ESIPL are not expected to have any material impact on the earnings per share and net tangible assets of the Group for the financial year ended Dec. 31, 2013.  Full Article

Hanwell Holdings Ltd announces striking off of a dormant subsidiary in Malaysia
Tuesday, 22 Jul 2014 05:40am EDT 

Hanwell Holdings Ltd:Says it received a letter from the companies commission of Malaysia dated June 24 informing that Beautex Marketing (M) Sdn. Bhd, a dormant subsidiary of the company incorporated in Malaysia, had been struck off from the Register of Companies Commission of Malaysia.  Full Article

Hanwell Holdings Ltd's indirect subsidiary announces proposed disposal of Million Cube Limited
Friday, 21 Mar 2014 05:03am EDT 

Hanwell Holdings Ltd:Says further to its announcement released on April 23, 2013.Says its indirect subsidiary, PSC (China) Property Co., Limited (the Vendor) has entered into a Sale and Purchase Agreement with Kang Cheng Holdings Limited (the Purchaser) on the March 20.Vendor will dispose the property development project of a golf club known as Sanya Yalong Bay Sum Valley Golf Club, Yalong Bay National Resort Area, Sanya City, Hainan Province, China by selling its entire 49 pct shareholding interest in Million Cube Limited (MCL) to the Purchaser.Total consideration of HK$307,000,000.00 (equivalent to about S$50,102,000.00).Completion shall take place upon fulfillment of the Condition Precedent on or before Dec. 31.Intends to use the net proceeds from the proposed disposal for general working capital purpose.  Full Article

Hanwell Holdings Ltd does not recommend any dividend
Friday, 21 Feb 2014 05:05am EST 

Hanwell Holdings Ltd:Says directors do not recommend any declaration of dividend for the financial year Dec. 31, 2013.  Full Article

Hanwell Holdings Ltd Declares No Dividend
Friday, 1 Nov 2013 05:47am EDT 

Hanwell Holdings Ltd announced that the directors did not recommend any dividend for the current financial period ended 30 September 30, 2013.  Full Article

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