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Latitude Tree Holdings Berhad Acquires All Subsidiaries Of Latitude Tree International Group Ltd.


Tuesday, 5 Feb 2013 06:29am EST 

Latitude Tree Holdings Berhad (LTHB) announced that the Company proposed to acquire all the subsidiaries of Latitude Tree International Group Ltd. (LTIGL), a 77.62%-owned subsidiary of LTHB, for an aggregate consideration of SGD46,770,000.00 (Purchase Consideration) (Proposed Acquisitions). The Proposed Acquisitions entail the acquisition by LTHB of all the subsidiaries of LTIGL as follows: (i) 13,523,396 ordinary shares, representing 99.99% of the share capital in Latitude Tree Vietnam Joint Stock Company (LTVJS); (ii) 2,350,000 ordinary shares, representing 85.00% of the share capital in Grob Holz Company Ltd (GHCL); (iii) 50,000 ordinary shares, representing 100% of the share capital in Latitude Tree International. Ltd. (LTIL); and (iv) 1 ordinary share, representing 100% of the share capital in Linkage Creation International Co. Ltd. (LCICL). LTVJS, GHCL, LTIL and LCICL are collectively referred to as the Target Companies. 

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22 Aug 2014