Key Developments: Koon Holdings Ltd (KOON.SI)

KOON.SI on Stock Exchange of Singapore

0.14SGD
31 Oct 2014
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$-0.01 (-5.52%)
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Latest Key Developments (Source: Significant Developments)

Koon Holdings Ltd announces de-registration of business of wholly owned subsidiary
Friday, 6 Jun 2014 05:02am EDT 

Koon Holdings Ltd:Announces de-registration of Koon-Top Pave Joint Venture.Koon-Top Pave is currently a dormant business unit wholly owned by the company’s subsidiary, Koon Construction and Transport Co. Pte. Ltd.  Full Article

Koon Holdings Ltd signs joint venture agreement with ASL Marine Holdings Ltd
Friday, 14 Mar 2014 05:12am EDT 

Koon Holdings Ltd:Together with subsidiaries has entered into a joint venture agreement with ASL Marine Holdings Ltd. (ASL) and its subsidiaries.Joint venture in relation to PT Sindomas Precas (PT SP), an Indonesian entity that engages in the business of concrete precast operations in Batam, Indonesia.  Full Article

Koon Holdings Ltd announces non-renounceable non-underwritten rights issue use of proceeds from the rights issue
Monday, 3 Feb 2014 04:28am EST 

Koon Holdings Ltd:Says that the remaining balance of the net proceeds of approximately S$1,386,788 from the Rights Issue has been utilised for the general working capital purposes of the company.Says the net proceeds from the Rights Issue have been fully utilized as at to-date.  Full Article

Koon Holdings Ltd Announces Completion Of Acquisition Of A Joint Venture Company
Friday, 22 Nov 2013 04:19am EST 

Koon Holdings Ltd announced that with reference to the announcement made on May 13, 2013, in relation to, inter alia, the investment by the Company’s wholly owned subsidiary, Econ Precast Pte. Ltd. (the Investment) in 50% of the issued and paid-up share capital of Sindo-Econ Pte. Ltd. (Sindo-Econ). The Company now announced that the acquisition of a joint venture company, PT Sindomas Precas (PT SP), an Indonesian entity engaged in the business of concrete precast operations (the Acquisition), has been completed. Following the Acquisition, the Group has an effective interest of 50% in PT SP. Sindo-Econ, a 50%-owned joint venture company of the Group with Intan Overseas Investments Pte. Ltd., a wholly-owned subsidiary of ASL Marine Holdings Ltd. (ASL), holds 90% of PT SP, and Econ Precast Pte. Ltd holds 5% of PT SP. The total cash consideration for the Acquisition paid by Sindo-Econ, Intan Overseas Investments Pte. Ltd. and Econ Precast Pte. Ltd amounted to IDR1 billion, equivalent to approximately SGD108,000. As the structure of the Joint Venture had not been finalised then, the Waiver permits the Company to defer seeking shareholder approval for the general framework of the Joint Venture until its AGM for the financial year ending December 31, 2013.  Full Article

Koon Holdings Ltd Appoints Chief Financial Officer
Monday, 18 Nov 2013 04:18am EST 

Koon Holdings Ltd announced that appointment of Ms. Lilian Tan Yin Yen as the Chief Financial Officer of the Group with effect from November 18, 2013.  Full Article

Koon Holdings Ltd Announces Cessation Of Chief Financial Officer
Friday, 11 Oct 2013 04:13am EDT 

Koon Holdings Ltd announced the resignation of Ben Teo Teck Sing, Chief Financial Officer of the Company for personal accord.  Full Article

Koon Holdings Ltd Gets New Precast Projects
Wednesday, 7 Aug 2013 05:52am EDT 

Koon Holdings Ltd announced that its subsidiaries, Econ Precast Pte. Ltd. and Contech Precast Pte. Ltd., have been awarded the following new projects: Subcontract for the supply and delivery of precast and reinforcement concrete components for various development projects for SGD22.24 million in aggregate, secured under Econ and Contech. The Contract duration is 11 to 18 months.  Full Article

Koon Holdings Ltd Issues H1 2013 Pre-Tax Loss Guidance
Monday, 5 Aug 2013 05:59am EDT 

Koon Holdings Ltd announced that for first half of 2013, it expects to report a pre-tax loss in the range of SGD8.5 million to SGD9.5 million, mainly due to the following reasons: lower gross profit from the Construction division owing to delays and in one case, delay due to a fatality on the project. On these projects the Company have had to incur acceleration and rectification costs. Losses from the Precast division due to the inability of new pre-cast plant to reach anticipated utilization rates and due to disruptions in the business and additional costs due to relocation of part of the casting plant.  Full Article

Koon Holdings Ltd Announces Cessation Of Chief Executive Officer
Thursday, 25 Jul 2013 05:21am EDT 

Koon Holdings Ltd announced the resignation of Tan Thiam Hee, Managing Director and Chief Executive Officer of the Company effective July 31, 2013 for personal accord.  Full Article

Koon Holdings Ltd Incorporation Of Bukit Intan Pte. Ltd.; Announces Investment In Sindo-econ Pte. Ltd.
Monday, 13 May 2013 05:33am EDT 

Koon Holdings Ltd announced that the Company’s wholly owned subsidiary, Econ Precast Pte. Ltd. (Econ Precast) has subscribed for 100,000 ordinary shares at SGD1 per share in the share capital of a newly incorporated joint venture company in Singapore, Sindo-Econ Pte. Ltd. (Sindo-Econ), amounting to 50% of the issued and paid up share capital of Sindo-Econ (the Investment) and incorporated a wholly owned subsidiary, Bukit Intan Pte. Ltd. (Bukit Intan) in Singapore (the Incorporation)  Full Article

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