Key Developments: Hanwell Holdings Ltd (HANW.SI)
0.31SGD
20 May 2013
$-0.00 (-1.59%)
$0.31
$0.31
$0.31
$0.31
534,000
230,476
$0.35
$0.23
Latest Key Developments (Source: Significant Developments)
Hanwell Holdings Ltd Issues FY 2012 Guidance
Hanwell Holdings Ltd announced that the Group (the Company and its subsidiaries) is expected to report a loss for fiscal year 2012 as compared to a profit in the corresponding financial year 2011 due to allowance for stock obsolescence, allowance for doubtful debts and impairment losses on an available-for-sale investment and associates. Full Article
Hanwell Holdings Ltd Completes Disposal Of Health Solutions (Australia) Pty Ltd
Hanwell Holdings Ltd announced that with reference to the announcement made earlier, in relation to the proposed disposal of 1,000,000 ordinary shares, representing 49% of the entire issued share capital of Health Solutions (Australia) Pty Ltd (Disposal), the Company now announced that the Completion of the Disposal took place on January 16, 2013. The Company has now ceased to hold any interests in Health Solutions (Australia) Pty Ltd with immediate effect from the date hereof. Full Article
Hanwell Holdings Ltd Announces Completion Of Proposed Disposal Of Shareholding Interest In Intraco Limited
Hanwell Holdings Ltd announced that with reference to the announcement made on September 13, 2012, in relation to the proposed disposal ("Disposal") of the Company's interest in 29,486,148 shares in Intraco Limited, it announced that the completion of the disposal took place on December 05, 2012. The Company has now ceased to hold any interests in Intraco Limited. Full Article
Hanwell Holdings Ltd's Subsidiary Announces Sale Of Shares In Health Solutions (Australia) Pty Ltd
Hanwell Holdings Ltd announced that Health Solutions Holdings Pte. Ltd. (the Vendor), which is a 95%-owned subsidiary of the Company, has on November 12, 2012 entered into a Sale and Purchase Agreement (the SPA), whereunder the Vendor will sell its entire shareholding interest of 1,000,000 ordinary shares (the Sale Shares) in the share capital of Health Solutions (Australia) Pty Ltd (HSA) (the Target Company) to Trans Asia Investments Pte. Ltd. (the Purchaser). The Purchaser shall purchase the Sale Shares from the Company for a purchase price of AUD9,000,000. Full Article
Hanwell Holdings Ltd Does Not Recommend Dividend
Hanwell Holdings Ltd announced that the director did not recommend any dividend for the current financial period. Full Article
Hanwell Holdings Ltd Proposes Disposal Of Shareholding Interest In Intraco Limited To TH Investments Pte. Ltd.
Hanwell Holdings Ltd announced that the Company has entered into a sale and purchase agreement (the “Agreement”) dated September 13, 2012 with TH Investments Pte. Ltd. (the “Purchaser”) to transfer 29,486,148 ordinary shares and representing approximately 29.87% shareholding interest in the issued share capital (the “Sale Shares”) of Intraco Limited (“Intraco”) to the Purchaser (the “Disposal”). The Company shall transfer the Sale Shares to the Purchaser at the price of SGD0.65 per Sale Share for an aggregate consideration of approximately SGD19,165,996.20 (the “Purchase Consideration”). The price of SGD0.65 per Sale Share is higher than the original purchase price per share at which the Company had purchased the Sale Shares. The Company had originally purchased the Sale Shares at a price of $0.62 per share for an aggregate amount of approximately SGD18,281,412. It is the intention of the Directors to deploy the proceeds from the Disposal to expand the core businesses of the Company and to fund working capital. Full Article
Hanwell Holdings Ltd Update On Lawsuit Between Wholly Owned Subsidiary, D&p Lifestyle Pte. Ltd., Adidas International Trading B.V. And The Rockport Company, LLC
Hanwell Holdings Ltd announced that the Company’s wholly-owned subsidiary, D&P Lifestyle Pte. Ltd. (D&P) has entered into a Mutual Release and Settlement Agreement (Agreement) with adidas International Trading B.V. (AIT) and The Rockport Company, LLC (Rockport and together the Rockport Parties) (TRC) on September 07, 2012. The Agreement provides, inter alia, that; D&P may sell any products in its possession that reference Rockport or trademarks , bear logos or trademarks belonging to or associated with Rockport to any third parties in accordance with the terms of the Agreement; and D&P, AIT and TRC (Parties) do fully, finally and forever release and discharge each other and related parties and affiliates from the beginning of time to the date of the Agreement, including but not limited to those relating in any way to all transactions, acts and omissions under or pursuant to the Distribution Agreements between the Parties, or that were raised or could have been raised in the legal action by TRC against D&P in Suffolk Superior Court (Lawsuit) (Release). The Release shall not become effective until six months after the date of the Agreement, (September 07, 2012 – to be confirmed and checking with Rockport) (Effective Date) and only if each of the Parties shall not be in breach thereof. If D&P has not breached the terms of the Agreement within the six months of the Effective Date, the Parties will forthwith file documentation necessary to dismiss the Lawsuit. Full Article
Hanwell Holdings Ltd Update On Proposed Disposal Of Shareholding Interest In Intraco Limited
Hanwell Holdings Ltd announced that further to the announcements made on August 7, 2012, August 8, 2012 and August 15, 2012 on the abovementioned subject matter, the Board of Directors of Hanwell Holdings Limited (the Company) announced that the Company has received a letter dated August 21, 2012 (the Letter) from Mr. Oei Hong Leong (Mr. Oei) in relation to his offer on August 15, 2012 to acquire from the Company, 29,486,148 issued and paid up ordinary shares (the Offer) representing approximately 29.89% of the total number of issued ordinary shares (the Sale Shares) in Intraco Limited for a total consideration of SGD20,640,303.60 or SGD0.70 per Sale Share. Full Article
PSC Corporation Ltd Declares Dividend
PSC Corporation Ltd. announced that it has proposed a final tax exempted one-tier cash dividend of SGD0.01 per ordinary share the year ended December 31, 2011. The date payable to be announced later. Full Article
PSC Corporation Ltd. Does Not Recommend Dividend
PSC Corporation Ltd. announced that no dividend has been recommended for the current financial period. Full Article
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