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Infinio Group Ltd Announces Proposed Acquisition Of Entire Issued And Paid Up Share Capital Of Summit Light Ventures Ltd


Monday, 28 Oct 2013 05:25am EDT 

Infinio Group Limited referred to the earlier announcements dated July 1, 2013 on the memorandum of understanding signed with Mr. Lim Yeow Sun in respect of the proposed acquisition of the entire issued and paid-up share capital of Summit Light Ventures Ltd. Following the Company‚Äôs earlier announcement on October 24, 2013 wherein the Company was unable to conclude the deal due to additional compliance requirements pending further negotiations, the Board announced that the Company has on October 28, 2013 resolved the issues with the Vendors and entered into a conditional share purchase agreement with Oei Liang Jen Nicholas Remigius, Doris Chung Gim Lian, Quek Lee Hoon, Bliss Deal Limited and Lim Yeow Sun in respect of the Proposed Acquisition for an aggregate consideration of SGD6,450,000, which shall be payable partly in cash and partly in ordinary issued and paid-up shares in the share capital of the Company. 

Company Quote

0.0030
-0.0010 -25.00%
18 Dec 2014