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Fuji Offset Plates Manufacturing Ltd Enters Into Shareholders’ Agreement And Subscription Agreement With JSE Engineering Pte. Ltd. And Leader Environmental Technologies Limited

Wednesday, 10 Oct 2012 05:54am EDT 

Fuji Offset Plates Manufacturing Ltd announced that the Company has entered into the Shareholders’ Agreement and the Subscription Agreement with JSE Engineering Pte. Ltd. (“JSE”) and Leader Environmental Technologies Limited (“LET”) to subscribe for 100,000 and 50,000 new ordinary shares in the capital of JSE for a total cash consideration of SGD1,000,000 (the “Subscription”) and SGD500,000 respectively. Following the Subscription, the Company and LET will hold 40% and 20% equity interest in JSE respectively. The balance 40% equity interest in JSE will be held by the existing shareholders of JSE (the “Existing Shareholders”), who are also the founders of the company. The new ordinary shares will be subscribed in two tranches comprising the first tranche subscription of S$580,000 and, subject to the conditions precedent stated in the Shareholders’ Agreement, the second tranche of S$420,000. 

Company Quote

0.0050 +9.43%
21 Jul 2014