Key Developments: Koon Holdings Ltd (KOON.SI)

KOON.SI on Stock Exchange of Singapore

0.11SGD
17 Sep 2014
Price Change (% chg)

$-0.00 (-1.74%)
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Volume
32,000
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13,302
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$0.17
52-wk Low
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Latest Key Developments (Source: Significant Developments)

Koon Holdings Ltd Updates On FY 2012 Final Dividend Proposal
Monday, 22 Apr 2013 04:00am EDT 

Koon Holdings Ltd announced that the fiscal year 2012 final dividend of SGP 0.005 per ordinary share, which will be proposed at the Annual General Meeting on April 25, 2013, will be paid on or about May 30, 2013, if approved by the shareholders of the Company.  Full Article

Koon Holdings Ltd's Koon Construction & Transport Co. Pte. Ltd, Penta-Ocean Construction Company Ltd and Hyundai Engineering & Construction Co. Ltd. Joint Venture Company Secures Contract
Monday, 25 Feb 2013 05:16am EST 

Koon Holdings Ltd announced that Penta Ocean/Hyundai/Koon Joint Venture (the JV), has been awarded a contract for exercise of option pursuant to Construction of Container Berths and Stacking Yards at Pasir Panjang Terminal, Phase III, for a duration of 19 months. The contract is valued at SGD40 million. Penta Ocean/Hyundai/Koon Joint Venture is a joint venture company of Koon Construction & Transport Co. Pte. Ltd, a wholly owned subsidiary of the Company, Penta-Ocean Construction Company Ltd (Penta-Ocean) and Hyundai Engineering & Construction Co. Ltd.  Full Article

Koon Holdings Ltd To Propose FY 2012 Final Dividend
Monday, 25 Feb 2013 04:09am EST 

Koon Holdings Ltd announced a proposed final dividend of SGD 0.005 per ordinary share for the year ended December 31, 2012. No further details were disclosed.  Full Article

Koon Holdings Ltd Enters Into Sale And Purchase Agreement With JKM Engineers Pte Ltd
Friday, 21 Dec 2012 04:05am EST 

Koon Holdings Ltd announced that the Company has entered into a sale and purchase agreement dated December 21, 2012 (the SPA) with JKM Engineers Pte Ltd. (JKM). The SPA relates to the Company’s purchase from JKM of 500,025 ordinary shares (the Sale Shares) in the capital of Econ Precast Pte Ltd. (EPPL) (constituting 25% of the issued and paid up share capital of EPPL) for a consideration of SGP 5.5 million in cash. The completion of the sale and purchase of the Sale Shares will take place on January 2, 2013. Consequently, EPPL will from January 2, 2013 be a wholly owned subsidiary of the Company as the Company now holds 100% of the issued and paid up share capital of EPPL. The Company’s additional investment in EPPL will be funded through the Company’s internal resources and is not expected to have any material impact on the earnings per share and/or net tangible assets per share of the Company for the financial year ending December 31, 2013.  Full Article

Koon Holdings Ltd Announces Change Of Name Of Subsidiary And Completion Of Acquisition Of Interests In Properties In Malaysia
Friday, 7 Dec 2012 04:19am EST 

Koon Holdings Ltd announced that the wholly owned subsidiary of the Company, Gems Marine Pte Ltd, has changed its name and is now known as Koon Properties Pte. Ltd. (Koon Properties) with effect from December 3, 2012. Koon Properties remains a wholly owned subsidiary of the Company. The above change of name was made as the Company has nominated Koon Properties to be the transferee in the acquisition of the entire issued share capital of the Malaysian Companies, which collectively own the entire interests in the Malaysian Properties, by the Company from Ang Sin Liu Construction (Pte) Ltd. As such, the principal activity of Koon Properties (as registered with the Accounting and Corporate Regulatory Authority of Singapore) has been changed to “Investment Holding Companies”. The Company also announced that the Acquisition has been completed today, December 7, 2012, and accordingly, the entire issued share capital of the Malaysian Properties is now owned by Koon Properties.  Full Article

Koon Holdings Ltd Announces Use Of Proceeds From The Rights Issue
Friday, 7 Dec 2012 04:19am EST 

Koon Holdings Ltd announced that in reference to the Company's announcements made on August 1, 2012; August 22, 2012; October 24, 2012; October 25, 2012; and November 29, 2012 relating to the Non-Renounceable Non-Underwritten Rights Issue, SGP 17,000,000 (out of SGP 18,386,788 from the Rights Issue) has been used to fund the payment of the consideration for the Acquisition. Consequently, the remaining balance of the net proceeds (SGP 18,386,788) amounts to approximately SGP 1,386,788, which will be used for the general working capital purposes of the Company.  Full Article

Koon Holdings Ltd's Koon Construction & Transport Co. Pte. Ltd. Secures Contract
Friday, 30 Nov 2012 04:35am EST 

Koon Holdings Ltd announced that its wholly owned subsidiary, Koon Construction & Transport Co. Pte. Ltd. (‘KCTC’) has been awarded new project of Construction of Roads, Drains, Sewers and Vehicular Bridge at Ayer Merbau Road Further Extension Phase 1,Jurong Island , worth SGD24.8 million for a duration of 15 months.  Full Article

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