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KTL Global Ltd announces incorporation of joint venture company

Monday, 13 Jan 2014 04:08am EST 

KTL Global Ltd:Says Board together with subsidiaries incorporates the venture company, KTL Seletar Resources Pte. Ltd (KTL Seletar).Says incorporates with issued and paid-up share capital of S$100 comprising 100 ordinary shares.Says shareholders of KTL Seletar are KTL Investment Pte. Ltd. (51 pct shareholding), a wholly-owned subsidiary of the company, and Seletar Resources Pte. Ltd. (49 pct shareholding).Says KTL Seletar is an investment holding company which will be exploring new business opportunities.Says the Group will fund its investment in KTL Seletar through internal resources and expected to have any material impact on the net tangible assets per share and earnings per share of the Group for the financial year ending Jun. 30. 

Company Quote

27 Oct 2014