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ICP Ltd Announces Disposal Of Shares In Subsidiary


Tuesday, 5 Mar 2013 05:51am EST 

ICP Ltd announced that Lifestyle and Personal Care Company Ltd and Dynamar Holdings Pte Ltd, both 100% owned subsidiaries of the Company, have on March 4, 2013 collectively disposed 3,000 ordinary shares, representing 75% of the issued and paid-up share capital in Jade Blossom Ltd (Jade Blossom) for an aggregate consideration of HKD2.00 (Disposal) to Red Mars Investment Limited. Following the Disposal, the Company ceased to hold any shares, directly or indirectly, in Jade Blossom. The consideration was arrived at on a willing buyer, willing seller basis, taking into account the net liability position of Jade Blossom as at February 28, 2013 of USD142. 

Company Quote

0.016
-0.0010 -5.88%
24 Jul 2014