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OKH Global Ltd (OKHG.SI)

OKHG.SI on Stock Exchange of Singapore

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24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Okh Global announces proposed divestment of Pal Investment Holdings and Pal Holdings Singapore
Thursday, 9 Mar 2017 06:46am EST 

Okh Global Ltd : Proposed Divestment Of Pal Investment Holdings Pte. Ltd. And Pal Holdings Singapore Pte. Ltd . Deal for aggregate purchase consideration payable in cash by palh and bcp under spa 1 and spa 2 is s$49.00 million . Two units Okh Transhub Pte and Chronoz Investment Pte entered into two conditional share sale agreements . Deal to dispose of group's entire minority interests in Pal Investment Holdings Pte. Ltd. and Pal Holdings Singapore Pte .Expected to record a net loss of about s$7.22 million for proposed divestment before transaction costs.  Full Article

OKH Global says Bon Ween Foong has resigned as executive director and deputy CEO
Friday, 2 Dec 2016 07:19am EST 

Okh Global Ltd :Bon ween foong has resigned as an executive director and deputy chief executive officer of company.  Full Article

OKH Global says Bon Ween Foong re-designated as deputy CEO
Tuesday, 2 Aug 2016 08:17am EDT 

OKH Global Ltd : Bon Ween Foong was re-designated as the deputy chief executive officer with effect from 2 August 2016 .  Full Article

OKH Global appoints Celine Tang as executive chairman and CEO
Tuesday, 2 Aug 2016 08:12am EDT 

OKH Global Ltd : Appointment of Celine Tang as the executive chairman and chief executive officer of the company .  Full Article

OKH Global Ltd entered conditional subscription agreement with Haiyi Holdings
Tuesday, 5 Apr 2016 06:49am EDT 

OKH Global Ltd:Company had on 5 April 2016 entered into conditional subscription agreement with Haiyi Holdings Pte. Ltd.Is also proposing to undertake a capital reorganisation exercise to reduce the par value of its shares from US$0.16 to US$0.01.Says the company and the subscriber have also entered into the loan agreement.Says subscription share for an aggregate amount of s$50 million Loan agreement for a loan of s$10 million.  Full Article

OKH Global Ltd says Interpol Red Notice was issued against CEO of the company
Monday, 4 Jan 2016 05:59pm EST 

OKH Global Ltd:Says interpol red notice was issued against Bon Ween Foong, the executive chairman and CEO of the company.Says red notice states, among other things, that bon is wanted by indonesian authorities Red notice has arisen out of a commercial dispute that started in 2012 between mr bon and a former business partner in Indonesia.Says company is not related to and has no interest in pt alliancz Asia pacific and is not involved in that dispute.Says bon is wanted in connection with a charge of "providing false statement for official document.Says bon will be represented by lawyers in Indonesia to contest the charge.Says bon has advised the company that he denies the charge referred to in the red notice.  Full Article

OKH Global Ltd announces memorandum of understanding
Monday, 20 Apr 2015 05:49am EDT 

OKH Global Ltd:Enters into Memorandum of Understanding (MOU) with the People’s Government of Shuangliu County, People’s Republic of China (the Government of Shuangliu County).Pursuant to the MOU, Company will register company in Shuangliu County for the purpose of acquiring about 1.4 million square feet of land to develop an automotive parts logistics park within 3 years and Government of Shuangliu County will provide assistance and support to facilitate Project.The MOU sets out the preliminary intentions of the parties with regards to the Project and is subject to certain conditions precedent, including but not limited to, the signing of a definitive agreement relating to the Project.The Project will be funded from internal resources and/or external funding.  Full Article

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