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Mencast Holdings Ltd enters into second supplemental sale and purchase agreement with the Vendors regarding acquisition of ordinary shares


Friday, 2 May 2014 05:48am EDT 

Mencast Holdings Ltd:Refers to previous announcement regarding acquisition of ordinary shares.Mencast Holdings (company) enters into second supplemental sale and purchase agreement with the Vendors.Pursuant to which Parties have agreed to revise the terms of Agreement and Supplemental Agreement in relation to, inter alia, allotment and issuance of second Tranche Consideration Shares to the Vendors.Parties have mutually agreed that notwithstanding previous Clause of the Supplemental Agreement, of 2nd Tranche Payment of S$4,200,000.Says S$2,500,000 shall be fully satisfied in cash and remaining S$1,700,000 shall be fully satisfied by allotment and issue of 2nd Tranche Consideration Shares with total aggregate value of S$1,700,000 by te Company to Vendors. 

Company Quote

0.44
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17 Dec 2014