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Loyz Energy Ltd Completes Sale Of Entire Equity Interest In Sim Siang Choon Hardware (S) Pte Ltd


Sunday, 31 Mar 2013 07:07pm EDT 

Loyz Energy Ltd announced that with reference to the announcement dated November 30, 2012 relating to the grant of authority for sale of the Company‚Äôs entire equity interest in Sim Siang Choon Hardware (S) Pte Ltd (SSCH), The Company announced that the proposed sale of entire equity interest, being 2,000,000 ordinary shares held by the Company in SSCH to Mr Sim Siang Choon (the Purchaser) at a consideration of SGD9,000,000 has been completed. The Company has on March 31, 2013 received the net consideration of SGD7.3 million from the Purchaser. Following the completion, Sim Siang Choon Hardware (S) Pte Ltd ceased to be a subsidiary of the Company 

Company Quote

0.189
0.0010 +0.53%
23 Oct 2014