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Mencast Holdings Ltd Announces Acquisition Of Entire Issued And Paid-up Share Capital Of Chinyee Engineering & Machinery Pte Ltd

Thursday, 7 Nov 2013 06:47pm EST 

Mencast Holdings Ltd announced that the Company has on November 8, 2013 entered into separate sale and purchase agreements with Wong Hua Choon and WillieWong Group Pte. Ltd. and Frontken (Singapore) Pte Ltd, respectively, in relation to the proposed acquisition of the entire issued and paid-up share capital of Chinyee Engineering & Machinery Pte Ltd (CYE). The aggregate consideration for the Proposed Acquisition will be SGD11.0 million, of which SGD9.3 million will payable to the Majority Vendors and SGD1.7 million will be payable to the Minority Vendor. 

Company Quote

16 Apr 2015