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JEP Holdings Ltd updates on disposal of assets and dissolution and liquidation of Jep Precision Engineering Co. Ltd, Thailand

Tuesday, 26 Nov 2013 04:03am EST 

JEP Holdings Ltd:Says the company had on Nov.26 entered into a sale and purchase agreement to sell the Property to Thai Felt Consultant and Service Co., Ltd.Says the consideration is of Thai Baht 29,000,000 (S$1,160,000) and such consideration to be satisfied in cash.Says aggregate consideration received for the disposal of the Machinery and the Property is Thai Baht 41,750,000 (S$1,670,000).Says this represents an excess of Thai Baht 5,654,933 (S$226,197) over its net book value as at June 30 of Thai Baht 36,095,067 (S$1,443,803).Says the proceeds will be utilized to repay outstanding liabilities and debts of JEPT. 

Company Quote

0.0010 +1.96%
11 Jul 2014